Chinese Silver Price Falls 4.8%

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The price of Chinese silver fell 4.8 percent on Feb. 18, 2013 to CNY 6,100 ($978.98) per kilogram, making it the day’s biggest mover. US silver prices saw a 2.0 percent decline to $29.80 per ounce. The price of Indian silver fell 0.7 percent to INR 55,837 ($1,030) per kilogram. The price of Japanese silver is back up, rising by 0.1 percent last Friday to close at JPY 854.00 ($9.11) per 10 grams.

After three essentially changeless days, the price of Chinese gold bullion dropped 3.3 percent last Friday to CNY 326.70 ($52.43) per gram. The price of US gold bullion declined 1.5 percent to $1,610 per ounce. Indian gold bullion finished the day down 0.8 percent to INR 29,821 ($549.91) per 10 grams. The price of Japanese gold bullion increased 0.5 percent to JPY 4,879 ($52.05) per gram.

Friday saw the price of Chinese platinum bar drift down 2.0 percent to CNY 361.00 ($57.94) per gram after three quiet days. US platinum bar closed 1.7 percent lower at $1,680 per ounce. Japanese platinum bar gained 1.7 percent to finish at JPY 5,106 ($54.47) per gram.

US palladium bar ended the day at $754.00 per ounce, after the 1.0 percent drop last Friday. After remaining flat for three days, the price of Chinese palladium bar fell 0.5 percent last Friday to CNY 183.00 ($29.37) per gram. At JPY 2,240 ($23.90) per gram, the price of Japanese palladium bar was essentially unchanged.