Indian Silver Sees 2.1% Decline

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Metal Prices, Premium

Closing at INR 40,510 ($685.03) per kilogram on Thursday, July 25, Indian silver saw the biggest change at a 2.1 percent. US silver finished the day down 1.7 percent to $20.15 per ounce. Chinese silver ended the day at CNY 4,020 ($655.01) per kilogram, after the 1.0 percent drop on Thursday. Japanese silver saw its price rise 0.5 percent to JPY 649.00 ($6.46) per 10 grams.

Following a couple days of improvement, the price of US gold bullion weakened by 1.9 percent. Prices closed at $1,322 per ounce. The price of Indian gold bullion fell 1.2 percent to INR 27,343 ($462.37) per 10 grams. The price of Chinese gold bullion closed at CNY 265.20 ($43.21) per gram. Following a couple days of improvement, the metal’s price weakened by 1.2 percent. At JPY 4,310 ($42.92), the price of Japanese gold bullion finished the market day up 1.0 percent per gram.

After a 0.5 percent increase, Japanese platinum bar finished the day at JPY 4,645 ($46.25) per gram. Chinese platinum bar prices saw a 0.3 percent decline to CNY 301.00 ($49.04) per gram. Weakening prices followed two days of improvement as the price of US platinum bar dropped 0.1 percent to $1,444 per ounce.

The price of US palladium bar rose 0.9 percent to $747.00 per ounce after a two-day drop. The price of Japanese palladium bar declined 0.6 percent to JPY 2,374 ($23.64) per gram. After dropping for two days, the price of Chinese palladium bar flattened at CNY 165.00 ($26.88).