Japanese Silver Gains 4.9%

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Metal Prices, Premium

Japanese silver saw the biggest upwards shift for the day, rising 4.9 percent to close at JPY 767.00 ($7.81) per 10 grams on Tuesday, August 27. At INR 55,230 ($858.94), the price of Indian silver finished the market day up 2.9 percent per kilogram. US silver prices rose 1.0 percent to $24.33 per ounce. The price of Chinese silver changed direction with a 0.2 percent drop. After two days of improving prices, the metal finished at CNY 4,835 ($790.08) per kilogram.

Indian gold bullion prices inched up 2.5 percent to INR 32,694 ($508.46) per 10 grams. The price of Japanese gold bullion increased 1.2 percent to JPY 4,427 ($45.05) per gram. After a 0.5 percent increase, US gold bullion finished the day at $1,405 per ounce. Following a two-day rise, the price of Chinese gold bullion flattened at CNY 277.30 ($45.31).

Weakening prices followed two days of improvement as the price of Japanese platinum bar dropped 0.7 percent to JPY 4,882 ($49.68) per gram. US platinum bar saw its price rise 0.3 percent to $1,541 per ounce. The price of Chinese platinum bar ended a two-day climb, settling at CNY 322.00 ($52.62) per gram.

After a 1.5 percent increase, Japanese palladium bar finished the day at JPY 2,400 ($24.42) per gram. The price of Chinese palladium bar fell 1.2 percent to CNY 165.00 ($26.96) per gram. US palladium bar closed 0.3 percent lower at $748.00 per ounce.