Indian Silver Weakens After Climb


Following two days of increases, the price of Indian silver dropped by 5.3 percent to end at INR 43,600 ($764.03) per kilogram on Monday, June 10. Japanese silver was down 4.1 percent from the previous market day, closing at JPY 686.00 ($6.97) per 10 grams. The price of US silver reached a 30-day low after decreasing 4.0 percent to $21.69 per ounce. The price of Chinese silver showed little movement on Monday at CNY 4,540 ($739.61) per kilogram.

The price of US gold bullion declined 2.1 percent to $1,385 per ounce, after two days of improvement. The price of Indian gold bullion closed at INR 27,740 ($486.11) per 10 grams. Following a couple days of improvement, prices fell by 1.8 percent. The price of Japanese gold bullion declined 0.2 percent to JPY 4,380 ($44.52) per gram. The price of Chinese gold bullion held steady at CNY 280.65 ($45.72) per gram.

Following two days of rising prices, the price of US platinum bar dropped 1.7 percent to $1,501 per ounce. The price of Japanese platinum bar fell 0.6 percent to JPY 4,757 ($48.35) per gram. The price of Chinese platinum bar flattened at CNY 320.00 ($52.13) after two days of improvement.

After improving for two days, the price of US palladium bar declined 0.7 percent to $755.00 per ounce. Japanese palladium bar stayed flat at around JPY 2,390 ($24.29) per gram. Chinese palladium bar held its value on Monday at CNY 168.00 ($27.37) per gram.

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