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.