Indian Silver Up 5.3%

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On March 15, 2013, the day’s biggest mover was Indian silver, which saw a 5.3 percent increase to INR 56,900 ($1,047) per kilogram. The price of US silver fell 0.4 percent to $28.81 per ounce. The price of Japanese silver increased 0.3 percent to JPY 888.00 ($9.25) per 10 grams. Chinese silver prices rose 0.3 percent to CNY 5,905 ($950.14) per kilogram.

One of the day’s biggest movers was Indian gold bullion which rose 5.3 percent percent to close at INR 30,850 ($567.51) per 10 grams. The price of Japanese gold bullion gained 0.4 percent, finishing at JPY 4,920 ($51.26) per gram. After a 0.2 percent increase, US gold bullion finished the day at $1,590 per ounce. The price of Chinese gold bullion remained essentially flat at CNY 319.95 ($51.48) per gram.

Following a two-day drop, the price of Japanese platinum bar increased by 0.6 percent to JPY 4,933 ($51.40) per gram. The price of Chinese platinum bar is back up, rising by 0.3 percent last Friday to close at CNY 340.00 ($54.71) per gram. US platinum bar finished the day down 0.3 percent to $1,583 per ounce.

The price of Japanese palladium bar rose by 0.9 percent to JPY 2,417 ($25.18) per gram. Chinese palladium bar closed 0.5 percent lower at CNY 184.00 ($29.61) per gram. The price of US palladium bar rose 0.1 percent to $771.00 per ounce after a two-day drop.