Japanese Silver Rises 5.2%

Closing at JPY 865.00 ($8.76) per 10 grams on the April 8, 2013, Japanese silver rose 5.2 percent to finish as the day’s biggest mover. The price of US silver is back up, rising by 1.7 percent on Monday to close at $27.35 per ounce. After a 0.5 percent increase, Indian silver finished the day at INR 51,270 ($935.34) per kilogram. After hitting a thirty-day low of CNY 5,540 ($894.54) per kilogram on April 4, 2013, the price of Chinese silver rose 0.5 percent yesterday.

The price of Japanese gold bullion jumped 4.4 percent to JPY 5,000 ($50.62) per gram. Following a two-day drop, the price of US gold bullion increased by 1.8 percent to $1,582 per ounce. Indian gold bullion prices rose 0.7 percent to INR 29,310 ($534.72) per 10 grams. The price of Chinese gold bullion nudged up 0.7 percent on Monday, closing at CNY 316.03 ($51.03) per gram.

Japanese platinum bar finished the market day up 3.7 percent at JPY 4,890 ($49.51) per gram. The price of Chinese platinum bar closed Monday at CNY 326.00 ($52.64) per gram, halting its two-day flat run with a 2.4 percent decline. After falling for two days, the price of US platinum bar rose 1.1 percent to $1,537 per ounce.

Ending at JPY 2,337 ($23.66) per gram by a 3.9 percent shift, Japanese palladium bar made one of the day’s biggest improvements. After two changeless days, the price of Chinese palladium bar fell 2.9 percent to CNY 166.00 ($26.80) per gram. The price of US palladium bar rose 0.3 percent to $727.00 per ounce after a two-day drop.

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