Japanese Palladium Bar Experiences Large Decrease

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Japanese palladium bar saw a 3.4 percent drop on Feb. 26, 2013, landing at JPY 2,218 ($24.01) per gram and making it the biggest mover of the day. At $733.00 per ounce, US palladium bar fell 0.5 percent on Tuesday. At CNY 179.00 ($28.71) per gram, the price of Chinese palladium bar was essentially unchanged.

Japanese platinum bar was down 3.3 percent from the previous market day, closing at JPY 4,726 ($51.16) per gram. Chinese platinum bar saw its price rise 0.6 percent to CNY 346.00 ($55.50) per gram. US platinum bar has been on the decline for 7 days and is now at $1,603 per ounce.

Following two days of rising prices, the price of Japanese gold bullion dropped 1.9 percent to JPY 4,714 ($51.03) per gram. After a 1.1 percent increase, Chinese gold bullion finished the day at CNY 326.00 ($52.29) per gram. At $1,594, the price of US gold bullion finished the market day up 0.8 percent per ounce. After a couple of days of improving prices, the price of Indian gold bullion held steady at INR 29,350 ($544.81).

Japanese silver closed 1.6 percent lower at JPY 857.00 ($9.28) per 10 grams. Chinese silver prices rose 0.9 percent to CNY 5,960 ($956.03) per kilogram. US silver finished the day up 0.8 percent to $28.99 per ounce. Following a two-day rise, the price of Indian silver flattened at INR 54,203 ($1,006).