Chinese Palladium Bar Collapses 3.1%

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Metal Prices, Premium

The day’s biggest mover was Chinese palladium bar, dropping 3.1 percent to settle at CNY 158.00 ($25.80) per gram on Tuesday, June 18. US palladium bar prices saw a 2.3 percent decline to $713.00 per ounce. Following two days of downward movement, the price of Japanese palladium bar held steady at JPY 2,178 ($23.03) per gram.

Japanese platinum bar ended the day at JPY 4,392 ($46.44) per gram, after the 1.5 percent drop on Tuesday. The price of US platinum bar fell 0.8 percent to $1,433 per ounce. Chinese platinum bar closed 0.3 percent lower at CNY 303.00 ($49.47) per gram.

Indian gold bullion prices rose 0.9 percent to INR 28,054 ($484.77) per 10 grams. The price of Japanese gold bullion closed at JPY 4,208 ($44.49) per gram. Following a couple days of improvement, prices fell by 0.9 percent. US gold bullion finished the day down 0.5 percent to $1,385 per ounce. At CNY 276.30 ($45.11) per gram, Chinese gold bullion fell 0.4 percent yesterday.

Japanese silver saw its price rise 1.2 percent to JPY 670.00 ($7.08) per 10 grams. Weakening prices followed two days of improvement as the price of US silver dropped 1.1 percent to $21.84 per ounce. Indian silver gained 1.0 percent to finish at INR 44,068 ($761.48) per kilogram. The price of Chinese silver declined 0.1 percent to CNY 4,405 ($719.22) per kilogram.