3.4% Drop Hits US Silver

Decreasing 3.4 percent made US silver the biggest mover of the day, finishing at $23.46 per ounce on Thursday, September 5. The price of Chinese silver declined 2.2 percent to CNY 4,740 ($774.48) per kilogram, after two days of improvement. Japanese silver ended the day at JPY 753.00 ($7.55) per 10 grams, after the 1.7 percent drop on Thursday. Indian silver closed 1.4 percent lower at INR 53,618 ($804.01) per kilogram.

At JPY 4,446 ($44.58) per gram, Japanese gold bullion fell 1.5 percent yesterday. US gold bullion prices saw a 1.5 percent decline to $1,392 per ounce. After improving for two days, the price of Chinese gold bullion declined 1.1 percent to CNY 276.50 ($45.18) per gram. Indian gold bullion ended the day at INR 31,792 ($476.73) per 10 grams, after the 0.8 percent drop on Thursday.

The price of US platinum bar declined 2.6 percent to $1,491 per ounce. The price of Japanese platinum bar closed at JPY 4,820 ($48.33) per gram. Following a couple days of improvement, the metal’s price weakened by 2.1 percent. Chinese platinum bar finished the day down 1.9 percent to CNY 314.00 ($51.31) per gram.

Chinese palladium bar was down 3.1 percent from the previous market day, closing at CNY 154.00 ($25.16) per gram. Japanese palladium bar closed 2.9 percent lower at JPY 2,249 ($22.55) per gram. The price of US palladium bar fell 2.8 percent to $696.00 per ounce.