Japanese Palladium Bar Up After Two-Day Decline

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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.