Indian Silver Declines 5.1%

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Metal Prices, Premium

Following two days of increases, the price of Indian silver dropped by 5.1 percent to end at INR 44,658 ($823.11) per kilogram on Friday, May 10. On the tail of a three-day flat streak, the price of Japanese silver rose by 4.1 percent, settling at JPY 770.00 ($7.64) per 10 grams. The price of Chinese silver declined 1.4 percent to CNY 4,760 ($776.45) per kilogram. At $23.75 per ounce, US silver fell 0.8 percent last Friday.

At INR 26,940 ($496.54) per 10 grams, Indian gold bullion was down 4.1 percent from the previous market day. Japanese gold bullion saw its price rise 2.6 percent to JPY 4,749 ($47.13) per gram. US gold bullion closed 1.1 percent lower at $1,459 per ounce. Chinese gold bullion ended the day at CNY 295.60 ($48.22) per gram, after the 0.6 percent drop last Friday.

Japanese platinum bar finished the market day up 3.5 percent at JPY 4,940 ($49.02) per gram. Chinese platinum bar finished the day up 0.3 percent to CNY 316.00 ($51.55) per gram. US platinum bar prices rose 0.3 percent to $1,503 per ounce.

Ending at JPY 2,390 ($23.72) per gram by a 4.7 percent shift, Japanese palladium bar made one of the day’s biggest improvements. The price of US palladium bar increased 2.2 percent to $708.00 per ounce. The price of Chinese palladium bar rose by 1.3 percent to CNY 156.00 ($25.45) per gram.