Indian Silver Sees 2.4% Decline

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Metal Prices, Premium

Decreasing 2.4 percent made Indian silver the biggest mover of the day, finishing at INR 44,001 ($791.77) per kilogram on Tuesday, May 28. Japanese silver closed 0.4 percent lower at JPY 736.00 ($7.28) per 10 grams. At CNY 4,530 ($739.77), the price of Chinese silver finished the market day up 0.2 percent per kilogram. US silver stayed flat at around $22.39 per ounce.

The price of Indian gold bullion declined 2.3 percent to INR 26,342 ($474.01) per 10 grams. Japanese gold bullion prices inched up 0.3 percent to JPY 4,561 ($45.12) per gram. The price of Chinese gold bullion fell 0.1 percent to CNY 280.09 ($45.74) per gram. The price of US gold bullion remained steady at $1,386 per ounce.

At JPY 4,793 ($47.41) per gram, the price of Japanese platinum bar was essentially unchanged. Following two days of downward movement, the price of Chinese platinum bar held steady at CNY 304.00 ($49.64) per gram. After dropping for two days, the price of US platinum bar flattened at $1,453.

Chinese palladium bar ended the day at CNY 164.00 ($26.78) per gram, after the 1.2 percent drop on Tuesday. After three essentially changeless days, the price of Japanese palladium bar dropped 1.1 percent on Tuesday to JPY 2,432 ($24.06) per gram. The price of US palladium bar flattened at $726.00 following two-days of declines.