US Silver Up After Two-Day Drop

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Metal Prices, Premium

The price of US silver rose 2.7 percent on Monday, September 9, making it the day’s biggest mover. After two days of falling prices, it closed at $23.84 per ounce. The price of Chinese silver is back up, rising by 2.6 percent on Monday to close at CNY 4,770 ($778.85) per kilogram. At JPY 750.00 ($7.50) per 10 grams, Japanese silver fell 0.4 percent on Monday. The price of Indian silver remained steady at INR 56,750 ($869.80) per kilogram.

Indian gold bullion gained 1.8 percent to finish at INR 32,800 ($502.72) per 10 grams. Following a two-day drop, the price of US gold bullion increased by 1.5 percent to $1,389 per ounce. The price of Chinese gold bullion is back up, rising by 1.1 percent yesterday to close at CNY 276.10 ($45.08) per gram. Japanese gold bullion finished the day up 0.2 percent to JPY 4,454 ($44.54) per gram.

The price of US platinum bar rose 0.5 percent to $1,491 per ounce after a two-day drop. Chinese platinum bar finished the day down 0.3 percent to CNY 309.00 ($50.45) per gram. Japanese platinum bar ended the day at JPY 4,808 ($48.08) per gram, after the 0.2 percent drop on Monday.

Following a 1.9 percent rise on Monday, the price of US palladium bar closed at $698.00 per ounce. After falling for two days, the price of Chinese palladium bar rose 1.3 percent to CNY 155.00 ($25.31) per gram. Japanese palladium bar prices saw a 1.1 percent decline to JPY 2,225 ($22.25) per gram.