US Palladium Bar Jumps 4.0%

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Metal Prices, Premium

On Wednesday, May 29, the day’s biggest mover was US palladium bar, which saw a 4.0 percent increase to $755.00 per ounce. The price of Chinese palladium bar rose 0.6 percent to CNY 165.00 ($26.95) per gram after a two-day drop. The price of Japanese palladium bar held steady at JPY 2,432 ($23.74) per gram.

At CNY 307.00 ($50.13), the price of Chinese platinum bar finished the market day up 1.0 percent per gram. The price of Japanese platinum bar moved up 0.9 percent, landing at JPY 4,836 ($47.20) per gram. US platinum bar saw its price rise 0.5 percent to $1,460 per ounce.

Indian gold bullion gained 0.7 percent to finish at INR 26,515 ($472.51) per 10 grams. Chinese gold bullion closed 0.5 percent lower at CNY 278.66 ($45.51) per gram. Japanese gold bullion ended the day at JPY 4,544 ($44.35) per gram, after the 0.4 percent drop on Wednesday. At $1,381 per ounce, US gold bullion fell 0.4 percent yesterday.

The price of Indian silver fell 1.5 percent to INR 43,349 ($772.50) per kilogram. The price of Chinese silver declined 0.9 percent to CNY 4,490 ($733.24) per kilogram, after two days of improvement. US silver prices saw a 0.5 percent decline to $22.27 per ounce. Japanese silver saw little change in its price yesterday at JPY 736.00 ($7.18) per 10 grams.