Indian Gold Bullion Up 4.0%

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Metal Prices, Premium

Closing at INR 27,475 ($505.14) per 10 grams on the Wednesday, April 24, Indian gold bullion rose 4.0 percent to finish as the day’s biggest mover. Japanese gold bullion prices inched up 2.1 percent to JPY 4,575 ($45.89) per gram. Chinese gold bullion ended the day at CNY 288.48 ($46.68) per gram, after the 0.2 percent drop on Wednesday. The price of US gold bullion ended a two-day climb, settling at $1,426 per ounce.

The price of Indian silver is back up, rising by 3.8 percent yesterday to close at INR 44,979 ($826.96) per kilogram. The price of Chinese silver fell 2.1 percent to CNY 4,600 ($744.27) per kilogram. Japanese silver finished the day up 0.3 percent to JPY 737.00 ($7.39) per 10 grams. The price of US silver remained steady at $23.41 per ounce.

After falling for two days, the price of Japanese platinum bar rose 0.9 percent to JPY 4,574 ($45.88) per gram. The price of Chinese platinum bar remained essentially flat at CNY 305.00 ($49.35) per gram. Following a two-day rise, the price of US platinum bar flattened at $1,431.

The price of Japanese palladium bar nudged up 3.9 percent on Wednesday, closing at JPY 2,233 ($22.40) per gram. After a 2.0 percent increase, Chinese palladium bar finished the day at CNY 155.00 ($25.08) per gram. The price of US palladium bar steadied at $681.00 per ounce following two-days of increases.