Big Change Hits Indian Silver

Indian silver saw the biggest price decline of the day, dropping 4.3 percent to close at INR 53,570 ($990.73) per kilogram on Feb. 21, 2013. Chinese silver was down 3.1 percent from the previous market day, closing at CNY 5,860 ($938.99) per kilogram. US silver closed 3.0 percent lower at $28.56 per ounce. Japanese silver saw little change in its price on Thursday at JPY 797.00 ($8.51) per 10 grams.

The price of Chinese gold bullion fell 2.6 percent to CNY 317.20 ($50.83) per gram. For the 8th day in a row, the price of US gold bullion fell and is currently at $1,564 per ounce. The price of Indian gold bullion fell 2.3 percent to INR 29,149 ($539.08) per 10 grams yesterday after two days of no change. At JPY 4,713 ($50.32) per gram, Japanese gold bullion fell 2.2 percent yesterday.

Landing at CNY 348.00 ($55.76) per gram on Thursday, Chinese platinum bar prices fell 3.9 percent. Japanese platinum bar prices were off by 3.1 percent on Thursday, falling from JPY 4,896 ($52.27) yesterday to JPY 4,896 ($52.27) per gram. US platinum bar finished the day down 2.5 percent to $1,647 per ounce.

After improving for two days, the price of Chinese palladium bar declined 3.8 percent to CNY 178.00 ($28.52) per gram. Following a couple days of improvement, the price of US palladium bar weakened by 3.0 percent. Prices closed at $739.00 per ounce. The price of Japanese palladium bar remained steady at JPY 2,240 ($23.92) per gram.

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