Japanese Palladium Bar Improves

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Metal Prices, Premium

The price of Japanese palladium bar increased by 7.6 percent on Tuesday, July 2 to JPY 2,184 ($21.92) per gram, making it the day’s biggest mover. US palladium bar finished the market day up 3.8 percent at $684.00 per ounce. The price of Chinese palladium bar climbed 3.4 percent to CNY 152.00 ($24.78) per gram.

One of the day’s biggest movers was Japanese platinum bar which rose 6.5 percent percent to close at JPY 4,445 ($44.62) per gram. The price of US platinum bar increased 2.6 percent to $1,374 per ounce. Chinese platinum bar finished the day up 2.5 percent to CNY 289.00 ($47.11) per gram.

After hitting a 30-day low of JPY 4,040 ($40.55) per gram on Friday, June 28, the price of Japanese gold bullion rose 5.5 percent yesterday. At CNY 255.30 ($41.61), the price of Chinese gold bullion finished the market day up 2.5 percent per gram. US gold bullion gained 1.4 percent to finish at $1,253 per ounce. Indian gold bullion prices inched up 0.9 percent to INR 26,231 ($441.71) per 10 grams.

Japanese silver rose 6.1 percent to JPY 626.00 ($6.28) per 10 grams. This marked the fifth day in a row of increasing prices and the improvement has accelerated since Wednesday, June 26. At INR 40,378 ($679.93) per kilogram, Indian silver fell 0.8 percent yesterday. Chinese silver prices rose 0.3 percent to CNY 3,945 ($643.04) per kilogram. The price of US silver held steady at $19.65 per ounce.