Japanese Palladium Bar Up After Two-Day Decline

The price of Japanese palladium bar rose 3.1 percent on March 6, 2013, making it the day’s biggest mover. After two days of falling prices, it closed at JPY 2,232 ($23.92) per gram. After falling for two days, the price of US palladium bar rose 2.8 percent to $735.00 per ounce. Following a two-day drop, the price of Chinese palladium bar increased by 2.3 percent to CNY 178.00 ($28.60) per gram.

After a 1.5 percent increase, Japanese platinum bar finished the day at JPY 4,801 ($51.46) per gram. Following a 1.2 percent rise on Wednesday, the price of US platinum bar closed at $1,585 per ounce. The price of Chinese platinum bar increased 1.0 percent to CNY 343.50 ($55.19) per gram.

Following two days of rising prices, the price of Indian gold bullion dropped 0.6 percent to INR 29,353 ($534.37) per 10 grams. After a couple of days of decreasing prices, the price of US gold bullion held steady at $1,575. The price of Chinese gold bullion held steady at CNY 319.95 ($51.40) per gram. The price of Japanese gold bullion remained steady at JPY 4,728 ($50.68) per gram.

Chinese silver prices inched up 0.7 percent to CNY 5,940 ($954.31) per kilogram. US silver finished the day up 0.6 percent to $28.70 per ounce. The price of Indian silver closed at INR 54,016 ($983.36) per kilogram. Following a couple days of improvement, prices fell by 0.6 percent. At JPY 861.00 ($9.23) per 10 grams, the price of Japanese silver was essentially unchanged.