Japanese Palladium Bar Sees Large Increase

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On March 8, 2013, the day’s biggest mover was Japanese palladium bar, which saw a 3.2 percent increase to JPY 2,346 ($24.71) per gram. US palladium bar saw its price rise 1.6 percent to $757.00 per ounce. Chinese palladium bar finished the day up 1.1 percent to CNY 181.00 ($29.09) per gram.

The price of Japanese platinum bar increased 1.8 percent to JPY 4,922 ($51.85) per gram. At CNY 343.00 ($55.12), the price of Chinese platinum bar finished the market day up 0.6 percent per gram. US platinum bar prices inched up 0.4 percent to $1,591 per ounce.

Japanese gold bullion gained 1.1 percent to finish at JPY 4,837 ($50.96) per gram. Chinese gold bullion closed 0.4 percent lower at CNY 317.60 ($51.04) per gram. Indian gold bullion ended the day at INR 29,210 ($535.28) per 10 grams, after the 0.4 percent drop last Friday. The price of US gold bullion fell 0.4 percent to $1,579 per ounce.

Japanese silver prices rose 1.3 percent to JPY 883.00 ($9.30) per 10 grams. Indian silver prices saw a 0.6 percent decline to INR 53,839 ($986.62) per kilogram. The price of US silver declined 0.6 percent to $28.88 per ounce, after two days of improvement. After improving for two days, the price of Chinese silver declined 0.4 percent to CNY 5,925 ($952.16) per kilogram.