Indian Silver Falls 7.1%

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On March 18, 2013, the day’s biggest mover was Indian silver, which saw a 7.1 percent decline to INR 52,860 ($978.44) per kilogram. Japanese silver closed 1.0 percent lower at JPY 879.00 ($9.26) per 10 grams. Chinese silver ended the day at CNY 5,890 ($936.74) per kilogram, after the 0.3 percent drop on Monday. The price of US silver fell 0.1 percent to $28.77 per ounce.

At INR 29,515 ($546.32) per 10 grams, Indian gold bullion was down 4.3 percent from the previous market day. At JPY 4,847 ($51.07) per gram, Japanese gold bullion fell 1.5 percent on Monday. Chinese gold bullion gained 0.2 percent to finish at CNY 320.59 ($50.99) per gram. US gold bullion prices inched up 0.2 percent to $1,593 per ounce.

The price of Japanese platinum bar declined 2.9 percent to JPY 4,792 ($50.50) per gram. Chinese platinum bar finished the day down 0.6 percent to CNY 338.00 ($53.76) per gram. Following a two-day drop, the price of US platinum bar increased by 0.4 percent to $1,589 per ounce.

Chinese palladium bar prices saw a 2.2 percent decline to CNY 180.00 ($28.63) per gram. The price of Japanese palladium bar declined 1.3 percent to JPY 2,386 ($25.14) per gram. At $773.00, the price of US palladium bar finished the market day up 0.3 percent per ounce.