Big Change Hits Indian Silver

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Metal Prices, Premium

Indian silver saw the biggest price decline of the day, dropping 3.6 percent to close at INR 48,490 ($772.93) per kilogram on Wednesday, September 25. Chinese silver ended the day at CNY 4,360 ($712.35) per kilogram, after the 0.9 percent drop yesterday. Japanese silver prices saw a 0.9 percent decline to JPY 685.00 ($6.94) per 10 grams. The price of US silver rose 0.4 percent to $21.72 per ounce after a two-day drop.

Indian gold bullion prices inched up 0.4 percent to INR 29,902 ($476.64) per 10 grams. Following a couple days of improvement, the price of Chinese gold bullion weakened by 0.2 percent. Prices closed at CNY 262.45 ($42.88) per gram. After a couple of days of decreasing prices, the price of US gold bullion held steady at $1,323. The price of Japanese gold bullion remained essentially flat at JPY 4,225 ($42.79) per gram.

The price of Japanese platinum bar increased 0.4 percent to JPY 4,583 ($46.41) per gram. After falling for two days, the price of US platinum bar rose 0.4 percent to $1,424 per ounce. Chinese platinum bar held its value yesterday at CNY 301.00 ($49.18) per gram.

The price of US palladium bar is back up, rising by 0.7 percent on Wednesday to close at $718.00 per ounce. Chinese palladium bar prices rose 0.6 percent to CNY 160.00 ($26.14) per gram. Japanese palladium bar saw little change in its price on Wednesday at JPY 2,305 ($23.34) per gram.

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