1.6% Shift for Japanese Silver

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Metal Prices, Premium

Closing at JPY 646.00 ($6.49) per 10 grams on the Wednesday, July 24, Japanese silver rose 1.6 percent to finish as the day’s biggest mover. Following a couple days of improvement, the price of Indian silver weakened by 0.5 percent. Prices closed at INR 41,367 ($692.15) per kilogram. The price of Chinese silver declined 0.2 percent to CNY 4,060 ($661.64) per kilogram, after two days of improvement. Following two days of rising prices, the price of US silver dropped 0.2 percent to $20.49 per ounce.

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At $1,348, the price of US gold bullion finished the market day up 0.9 percent per ounce. Japanese gold bullion prices inched up 0.4 percent to JPY 4,269 ($42.90) per gram. Chinese gold bullion prices rose 0.2 percent to CNY 268.30 ($43.72) per gram. After a couple of days of improving prices, the price of Indian gold bullion held steady at INR 27,673 ($463.02).

Japanese platinum bar prices saw a 0.7 percent decline to JPY 4,622 ($46.45) per gram. The price of Chinese platinum bar changed direction with a 0.3 percent drop. After two days of improving prices, the metal finished at CNY 302.00 ($49.22) per gram. After a 0.3 percent increase, US platinum bar finished the day at $1,446 per ounce.

At JPY 2,388 ($24.00) per gram, Japanese palladium bar fell 0.9 percent yesterday. Chinese palladium bar ended the day at CNY 165.00 ($26.89) per gram, after the 0.6 percent drop on Wednesday. US palladium bar finished the day down 0.5 percent to $740.00 per ounce.