After Flat Days, Chinese Platinum Bar Drops 3.8%

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Metal Prices, Premium

Following a three-day flat streak, the price of Chinese platinum bar dropped by 3.8 percent to end at CNY 308.00 ($50.20) per gram on Thursday, June 13. Japanese platinum bar prices were off by 3.5 percent on Thursday, falling from JPY 4,488 ($46.98) yesterday to JPY 4,488 ($46.98) per gram. US platinum bar ended the day at $1,478 per ounce, after the 0.1 percent drop on Thursday.

Japanese palladium bar finished the day down 1.8 percent to JPY 2,333 ($24.42) per gram. US palladium bar finished the day up 0.5 percent to $756.00 per ounce. The price of Chinese palladium bar remained essentially flat at CNY 168.00 ($27.38) per gram.

At JPY 4,205 ($44.02) per gram, Japanese gold bullion fell 1.7 percent yesterday. After falling for two days, the price of Indian gold bullion rose 1.0 percent to INR 27,909 ($482.59) per 10 grams. The price of Chinese gold bullion fell 1.0 percent yesterday to CNY 277.90 ($45.29) per gram after three straight days with no change. After a 0.7 percent increase, US gold bullion finished the day at $1,388 per ounce.

The price of Chinese silver fell 3.3 percent yesterday to CNY 4,390 ($715.49) per kilogram. Japanese silver prices saw a 2.1 percent decline to JPY 656.00 ($6.87) per 10 grams. At INR 43,734 ($756.23), the price of Indian silver finished the market day up 0.5 percent per kilogram. The price of US silver rose 0.5 percent yesterday, just off the 30-day low of $21.79 per ounce it hit on Tuesday, June 11.