Chinese Silver Up After Two-Day Drop

The price of Chinese silver rose 2.0 percent on Friday, August 23, making it the day’s biggest mover. After two days of falling prices, it closed at CNY 4,610 ($752.99) per kilogram. The price of Indian silver closed at INR 51,301 ($795.06) per kilogram. Following a couple days of improvement, the metal’s price weakened by 2.0 percent. Following a 1.3 percent rise last Friday, the price of US silver closed at $23.19 per ounce. Japanese silver held its value last Friday at JPY 707.00 ($7.15) per 10 grams.

Indian gold bullion prices inched up 1.2 percent to INR 31,444 ($487.31) per 10 grams. After a 0.7 percent increase, Chinese gold bullion finished the day at CNY 273.47 ($44.67) per gram. US gold bullion gained 0.7 percent to finish at $1,376 per ounce. Japanese gold bullion finished the day up 0.2 percent to JPY 4,302 ($43.51) per gram.

At $1,535, the price of US platinum bar finished the market day up 1.7 percent per ounce. Chinese platinum bar prices inched up 1.6 percent to CNY 321.00 ($52.43) per gram. Japanese platinum bar prices rose 0.6 percent to JPY 4,800 ($48.54) per gram.

The price of US palladium bar rose 1.5 percent to $753.00 per ounce after a two-day drop. The price of Chinese palladium bar increased 1.2 percent to CNY 167.00 ($27.28) per gram. The price of Japanese palladium bar remained steady at JPY 2,314 ($23.40) per gram.