The price of Japanese silver rose 4.1 percent on Tuesday, August 20, making it the day’s biggest mover. After two days of flat prices, it closed at JPY 707.00 ($7.24) per 10 grams. Following a couple days of improvement, the price of Chinese silver weakened by 0.9 percent. Prices closed at CNY 4,620 ($754.51) per kilogram. The price of US silver closed at $23.19 per ounce. Following a couple days of improvement, prices fell by 0.3 percent. The price of Indian silver ended a two-day climb, settling at INR 50,480 ($795.02) per kilogram.
After a 1.1 percent increase, the price of Japanese gold bullion finished the day at JPY 4,260 ($43.65) per gram. Weakening prices followed two days of improvement as the price of Chinese gold bullion dropped 0.9 percent to CNY 272.92 ($44.57) per gram. After improving for two days, the price of US gold bullion declined 0.8 percent to $1,366 per ounce. After a couple of days of improving prices, the price of Indian gold bullion held steady at INR 31,357 ($493.85).
Tuesday saw the price of Japanese platinum bar drift down 1.4 percent to JPY 4,722 ($48.38) per gram after a couple of stagnant days. US platinum bar finished the day down 1.3 percent to $1,503 per ounce. The price of Chinese platinum bar fell 0.9 percent to CNY 315.00 ($51.44) per gram.
At $751.00 per ounce, US palladium bar fell 1.4 percent yesterday. Weakening prices followed two days of improvement as the price of Chinese palladium bar dropped 1.2 percent to CNY 166.00 ($27.11) per gram. The price of Japanese palladium bar closed Tuesday at JPY 2,314 ($23.71) per gram, halting its two-day flat run with a 0.6 percent decline.