Japanese Silver Improves

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Metal Prices, Premium

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.