Prices Improve for Japanese Platinum Bar

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.