US Palladium Bar Increases 3.2%

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With a 3.2 percent increase on March 11, 2013, US palladium bar was the biggest mover on the Global Precious Metals MMI®. Chinese palladium bar prices rose 2.8 percent to CNY 186.00 ($29.65) per gram. Japanese palladium bar gained 2.1 percent to finish at JPY 2,396 ($24.91) per gram.

The price of Japanese platinum bar increased 0.6 percent to JPY 4,953 ($51.50) per gram. US platinum bar prices inched up 0.5 percent to $1,599 per ounce. The price of Chinese platinum bar declined 0.3 percent to CNY 342.00 ($54.52) per gram.

Japanese gold bullion finished the day up 1.0 percent to JPY 4,886 ($50.80) per gram. The price of Chinese gold bullion rose 0.3 percent to CNY 318.66 ($50.80) per gram after a two-day drop. The price of US gold bullion remained essentially flat at $1,579 per ounce. The price of Indian gold bullion showed little movement on Monday at INR 29,216 ($537.55) per 10 grams.

After a 0.9 percent increase, Japanese silver finished the day at JPY 891.00 ($9.26) per 10 grams. Indian silver saw its price rise 0.7 percent to INR 54,200 ($997.23) per kilogram. At CNY 5,950 ($948.52), the price of Chinese silver finished the market day up 0.4 percent per kilogram. After a 0.4 percent increase, US silver finished the day at $29.00 per ounce.