Chinese Palladium Bar Breaks Flat Spell

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Metal Prices, Premium

On Monday, June 17, the day’s biggest mover was the price of Chinese palladium bar, which saw a 3.0 percent decline to CNY 163.00 ($26.59) per gram. This was the first move after three changeless days. Japanese palladium bar closed 2.2 percent lower at JPY 2,178 ($23.09) per gram. US palladium bar ended the day at $730.00 per ounce, after the 0.3 percent drop on Monday.

At CNY 304.00 ($49.59) per gram, Chinese platinum bar fell 1.3 percent yesterday. US platinum bar prices saw a 0.3 percent decline to $1,445 per ounce. The price of Japanese platinum bar declined 0.2 percent to JPY 4,457 ($47.25) per gram.

Indian gold bullion prices rose 0.8 percent to INR 27,798 ($483.30) per 10 grams. US gold bullion prices inched up 0.4 percent to $1,392 per ounce. The price of Chinese gold bullion fell 0.2 percent to CNY 277.38 ($45.25) per gram. At JPY 4,245 ($45.00), the price of Japanese gold bullion finished the market day up 0.1 percent per gram.

After a 1.1 percent increase, US silver finished the day at $22.08 per ounce. Indian silver gained 0.9 percent to finish at INR 43,648 ($758.87) per kilogram. The price of Chinese silver rose 0.5 percent yesterday, just off the 30-day low of CNY 4,410 ($719.35) per kilogram it hit on Thursday, June 13. Japanese silver saw its price rise 0.5 percent to JPY 662.00 ($7.02) per 10 grams.