The price of Japanese platinum bar rose 3.2 percent on Wednesday, May 8, making it the day’s biggest mover. After three days of flat prices, it closed at JPY 4,774 ($48.32) per gram. The price of US platinum bar closed at $1,479 per ounce. Following a couple days of improvement, prices fell by 1.5 percent. The price of Chinese platinum bar remained essentially flat at CNY 313.00 ($50.84) per gram.
After a few days of little change, the price of Japanese palladium bar jumped 2.2 percent, landing at JPY 2,283 ($23.11) per gram. US palladium bar closed 1.9 percent lower at $679.00 per ounce. The price of Chinese palladium bar held steady at CNY 154.00 ($25.02) per gram.
The price of Japanese gold bullion increased 1.8 percent to JPY 4,628 ($46.84) per gram. US gold bullion finished the day down 1.2 percent to $1,453 per ounce. Chinese gold bullion prices saw a 0.6 percent decline to CNY 295.54 ($48.01) per gram. The price of Indian gold bullion declined 0.4 percent to INR 26,956 ($497.94) per 10 grams.
At INR 44,688 ($825.49), the price of Indian silver finished the market day up 0.4 percent per kilogram. At $23.96 per ounce, US silver fell 0.3 percent on Wednesday. The price of Chinese silver fell 0.3 percent to CNY 4,765 ($774.02) per kilogram. Japanese silver saw little change in its price on Wednesday at JPY 740.00 ($7.49) per 10 grams.