Indian Silver Jumps 6.9%

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Metal Prices, Premium

At INR 51,560 ($810.88) per kilogram, Indian silver moved up 6.9 percent on Thursday, September 19, the day’s biggest change. Following a two-day drop, the price of US silver increased by 5.6 percent to $22.96 per ounce. The price of Japanese silver jumped 4.5 percent to JPY 726.00 ($7.39) per 10 grams. After a couple of days of decreasing prices, the price of Chinese silver held steady at CNY 4,340 ($709.13).

After falling for two days, the price of US gold bullion rose 4.2 percent to $1,365 per ounce. One of the day’s biggest movers was Indian gold bullion which rose 3.3 percent to close at INR 30,381 ($477.80) per 10 grams. Ending at JPY 4,322 ($44.02) per gram by a 3.0 percent shift, Japanese gold bullion made one of the day’s biggest improvements. The price of Chinese gold bullion steadied at CNY 258.10 ($42.17) per gram following two-days of dropping prices.

Following a two-day drop, the price of US platinum bar increased by 2.8 percent to $1,463 per ounce. Japanese platinum bar prices rose 1.3 percent to JPY 4,670 ($47.56) per gram. After dropping for two days, the price of Chinese platinum bar flattened at CNY 298.00 ($48.69).

Japanese palladium bar saw its price rise 2.5 percent to JPY 2,300 ($23.42) per gram. The price of US palladium bar increased 2.1 percent to $718.00 per ounce. At CNY 155.00 ($25.33) per gram, the price of Chinese palladium bar was essentially unchanged.

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