Indian Silver Gains 5.4%

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Metal Prices, Premium

At INR 47,080 ($869.18) per kilogram, Indian silver moved up 5.4 percent on Thursday, May 9, the day’s biggest change. Following a 1.4 percent rise on Thursday, the price of Chinese silver closed at CNY 4,830 ($787.19) per kilogram. The price of US silver flattened at $23.95 per ounce after two days of downward movement. For the fifth consecutive day, the price of Japanese silver held flat at JPY 740.00 ($7.48) per 10 grams.

After falling for two days, the price of Indian gold bullion rose 4.2 percent to INR 28,098 ($518.74) per 10 grams. After a 1.5 percent increase, US gold bullion finished the day at $1,474 per ounce. Following a two-day drop, the price of Chinese gold bullion increased by 0.6 percent to CNY 297.39 ($48.47) per gram. Japanese gold bullion stayed flat at around JPY 4,628 ($46.81) per gram.

US platinum bar finished the day up 1.4 percent to $1,499 per ounce. The price of Chinese platinum bar increased 0.6 percent to CNY 315.00 ($51.34) per gram. At JPY 4,774 ($48.29) per gram, the price of Japanese platinum bar was essentially unchanged.

At $693.00, the price of US palladium bar finished the market day up 2.1 percent per ounce. The price of Japanese palladium bar held steady at JPY 2,283 ($23.09) per gram. The price of Chinese palladium bar remained essentially flat at CNY 154.00 ($25.10) per gram.