Big Change Hits Chinese Palladium Bar

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Metal Prices, Premium

With a decline of 3.2 percent to CNY 152.00 ($24.57) per gram on Tuesday, April 23, Chinese palladium bar recorded the biggest price drift of the day. US palladium bar prices rose 0.9 percent to $681.00 per ounce. The price of Japanese palladium bar held steady at JPY 2,150 ($21.68) per gram.

At JPY 4,531 ($45.68) per gram, Japanese platinum bar fell 1.3 percent yesterday. The price of US platinum bar increased 0.4 percent to $1,431 per ounce. At CNY 305.00 ($49.31), the price of Chinese platinum bar finished the market day up 0.3 percent per gram.

The price of Japanese gold bullion closed at JPY 4,479 ($45.16) per gram. Following a couple days of improvement, the metal’s price weakened by 1.7 percent. US gold bullion saw its price rise 1.4 percent to $1,426 per ounce. Indian gold bullion ended the day at INR 26,409 ($487.74) per 10 grams, after the 0.5 percent drop on Tuesday. The price of Chinese gold bullion flattened at CNY 289.10 ($46.74) after two days of improvement.

After falling 2.5 percent, prices settled at INR 43,325 ($800.16) per kilogram, driving an accelerated drop-off since Wednesday, April 17. Today marks the fifth day in a row of declining prices for Indian silver. Japanese silver closed 2.3 percent lower at JPY 735.00 ($7.41) per 10 grams. Weakening prices followed two days of improvement as the price of Chinese silver dropped 1.3 percent to CNY 4,700 ($759.79) per kilogram. US silver gained 0.5 percent to finish at $23.41 per ounce.