Japanese Platinum Bar Prices Fall 2.4%

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Metal Prices, Premium

The day’s biggest mover was Japanese platinum bar, dropping 2.4 percent to settle at JPY 4,653 ($48.36) per gram on Wednesday, June 12. The price of US platinum bar fell 1.6 percent to $1,480 per ounce. At CNY 320.00 ($52.15) per gram, the price of Chinese platinum bar was essentially unchanged.

US palladium bar finished the day down 2.0 percent to $752.00 per ounce. Following a quiet couple of days, the price of Japanese palladium bar fell 0.6 percent on Wednesday to JPY 2,376 ($24.69) per gram. The price of Chinese palladium bar showed little movement on Wednesday at CNY 168.00 ($27.38) per gram.

The price of Japanese gold bullion declined 2.2 percent to JPY 4,279 ($44.47) per gram. At $1,378 per ounce, US gold bullion fell 0.6 percent on Wednesday. Indian gold bullion prices saw a 0.3 percent decline to INR 27,624 ($473.49) per 10 grams. The price of Chinese gold bullion remained essentially flat at CNY 280.65 ($45.74) per gram.

Japanese silver ended the day at JPY 670.00 ($6.96) per 10 grams, after the 2.2 percent drop on Wednesday. After falling 1.2 percent to $21.68 per ounce, the price of US silver reached a 30-day low. Indian silver closed 0.2 percent lower at INR 43,509 ($745.77) per kilogram. Chinese silver stayed flat at around CNY 4,540 ($739.86) per kilogram.