Chinese Silver Up Again

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Metal Prices, Premium

On Monday, July 1, the day’s biggest mover was the price of Chinese silver, which saw a 6.4 percent increase to CNY 3,935 ($640.69) per kilogram. This increase comes after the price fell for the two previous days. After hitting a 30-day low of $19.66 per ounce on Thursday, June 27, the price of US silver rose 6.2 percent yesterday. The price of Indian silver rose 4.9 percent to INR 40,700 ($684.55) per kilogram after a two-day drop. Just off of a 30-day low of JPY 590.00 ($5.93) per 10 grams, the price of Japanese silver rose 1.4 percent yesterday.

The price of US gold bullion is back up, rising by 2.9 percent on Monday to close at $1,235 per ounce. After falling for two days, the price of Chinese gold bullion rose 2.5 percent to CNY 249.00 ($40.54) per gram. Following a 2.2 percent rise yesterday, the price of Indian gold bullion closed at INR 26,000 ($437.31) per 10 grams. On Mondayyesterday price drop of 2.0 percent carried the price of Japanese gold bullion to a 30-day low of JPY 3,831 ($38.51) per gram.

Following a two-day drop, the price of Chinese platinum bar increased by 2.2 percent to CNY 282.00 ($45.91) per gram. US platinum bar prices inched up 1.9 percent to $1,339 per ounce. The price of Japanese platinum bar declined 0.8 percent to JPY 4,173 ($41.95) per gram.

Following a 3.5 percent rise yesterday, the price of Chinese palladium bar closed at CNY 147.00 ($23.93) per gram. US palladium bar finished the day up 2.3 percent to $659.00 per ounce. The price of Japanese palladium bar showed little movement yesterday at JPY 2,029 ($20.40) per gram.