Japanese Silver Rising

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The price of Japanese silver rose 9.3 percent on Feb. 25, 2013, making it the day’s biggest mover. After two days of flat prices, it closed at JPY 871.00 ($9.24) per 10 grams. At INR 54,203 ($998.57), the price of Indian silver finished the market day up 0.4 percent per kilogram. The price of US silver increased 0.3 percent to $28.76 per ounce. Chinese silver stayed flat at around CNY 5,905 ($948.98) per kilogram.

Japanese gold bullion prices inched up 0.9 percent to JPY 4,807 ($51.00) per gram. Chinese gold bullion saw its price rise 0.3 percent to CNY 322.34 ($51.80) per gram. US gold bullion prices rose 0.3 percent to $1,582 per ounce. Indian gold bullion finished the day up 0.1 percent to INR 29,350 ($540.71) per 10 grams.

At CNY 344.00 ($55.28) per gram, Chinese platinum bar fell 1.4 percent yesterday. US platinum bar finished the day down 0.4 percent to $1,607 per ounce. The price of Japanese platinum bar is back up, rising by 0.3 percent yesterday to close at JPY 4,889 ($51.87) per gram.

The price of Japanese palladium bar gained 2.5 percent, closing at JPY 2,296 ($24.36) per gram. Following a two-day drop, the price of US palladium bar increased by 0.7 percent to $737.00 per ounce. At CNY 179.00 ($28.77) per gram, the price of Chinese palladium bar was essentially unchanged.