Japanese Silver Experiences Large Decrease

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Metal Prices, Premium

Closing at JPY 691.00 ($7.00) per 10 grams on Tuesday, September 24, Japanese silver saw the biggest change at a 5.3 percent. The price of Indian silver is back up, rising by 4.3 percent yesterday to close at INR 50,300 ($802.42) per kilogram. At CNY 4,400 ($718.90), the price of Chinese silver finished the market day up 2.7 percent per kilogram. US silver prices saw a 0.7 percent decline to $21.64 per ounce.

At JPY 4,223 ($42.77) per gram, Japanese gold bullion was down 3.1 percent from the previous market day. After falling for two days, the price of Indian gold bullion rose 1.0 percent to INR 29,785 ($475.15) per 10 grams. After a 0.4 percent increase, Chinese gold bullion finished the day at CNY 263.10 ($42.99) per gram. The price of US gold bullion fell 0.2 percent to $1,322 per ounce.

Japanese platinum bar finished the day down 2.5 percent to JPY 4,565 ($46.23) per gram. US platinum bar ended the day at $1,419 per ounce, after the 0.7 percent drop yesterday. The price of Chinese platinum bar showed little movement yesterday at CNY 301.00 ($49.18) per gram.

The price of Japanese palladium bar declined 2.5 percent to JPY 2,305 ($23.34) per gram. At $713.00 per ounce, US palladium bar fell 0.7 percent yesterday. At CNY 159.00 ($25.98) per gram, the price of Chinese palladium bar was essentially unchanged.

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