Indian Silver Increases 3.8%

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Metal Prices, Premium

On Friday, October 4, the day’s biggest mover was Indian silver, which saw a 3.8 percent increase to INR 49,623 ($801.15) per kilogram. Japanese silver prices rose 1.8 percent to JPY 672.00 ($6.91) per 10 grams. US silver prices saw a 0.1 percent decline to $21.70 per ounce. Chinese silver held its value last Friday at CNY 4,365 ($712.84) per kilogram.

The price of Indian gold bullion fell 1.8 percent to INR 28,913 ($466.79) per 10 grams. Japanese gold bullion gained 1.5 percent to finish at JPY 4,125 ($42.41) per gram. The price of US gold bullion remained essentially flat at $1,317 per ounce. The price of Chinese gold bullion showed little movement last Friday at CNY 265.00 ($43.28) per gram.

US platinum bar ended the day at $1,367 per ounce, after the 1.4 percent drop last Friday. At JPY 4,344 ($44.66) per gram, Japanese platinum bar fell 0.6 percent last Friday. The price of Chinese platinum bar held steady at CNY 298.00 ($48.67) per gram.

US palladium bar closed 2.2 percent lower at $701.00 per ounce. At JPY 2,267 ($23.31) per gram, the price of Japanese palladium bar was essentially unchanged. The price of Chinese palladium bar held steady at CNY 160.00 ($26.13) per gram.

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