Indian Gold Bullion Collapses 4.7%

Indian gold bullion saw the biggest price decline of the day, dropping 4.7 percent to close at INR 30,375 ($494.34) per 10 grams on Monday, October 28. Chinese gold bullion saw its price rise 0.6 percent to CNY 264.38 ($43.45) per gram. After a 0.4 percent increase, US gold bullion finished the day at $1,353 per ounce. After a couple of days of improving prices, the price of Japanese gold bullion held steady at JPY 4,190 ($42.94).

Indian silver rose 4.6 percent to INR 51,204 ($833.33) per kilogram. At CNY 4,510 ($741.25) per kilogram, Chinese silver fell 0.6 percent yesterday. The price of US silver fell 0.6 percent to $22.59 per ounce. Japanese silver held its value yesterday at JPY 698.00 ($7.15) per 10 grams.

At $1,451, the price of US platinum bar finished the market day up 0.3 percent per ounce. Chinese platinum bar ended the day at CNY 303.00 ($49.80) per gram, after the 0.3 percent drop yesterday. Japanese platinum bar finished the day down 0.1 percent to JPY 4,535 ($46.47) per gram.

Chinese palladium bar prices saw a 1.2 percent decline to CNY 164.00 ($26.95) per gram. The price of US palladium bar fell 0.5 percent to $742.00 per ounce. Japanese palladium bar saw little change in its price on Monday at JPY 2,355 ($24.13) per gram.

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