After Two-Day Rise, Japanese Silver Falls

The price of Japanese silver fell 3.2 percent on Monday, November 4 to JPY 688.00 ($7.00) per 10 grams, making it the day’s biggest mover. The price of Chinese silver declined 0.2 percent to CNY 4,375 ($717.69) per kilogram. US silver prices saw a 0.2 percent decline to $21.86 per ounce. After a couple of days of decreasing prices, the price of Indian silver held steady at INR 50,078 ($804.72).

Japanese gold bullion fell 1.0 percent to JPY 4,179 ($42.50) per gram. Today marked the fifth in a row of declining prices and the drop-off has accelerated since Tuesday, October 29. At CNY 258.60 ($42.42) per gram, Chinese gold bullion fell 0.6 percent on Monday. US gold bullion ended the day at $1,316 per ounce, after the 0.5 percent drop yesterday. Indian gold bullion held its value on Monday at INR 29,743 ($477.95) per 10 grams.

Japanese platinum bar prices declined 0.6 percent, settling at JPY 4,606 ($46.84) per gram. For the fifth day since Tuesday, October 29, the drop-off has accelerated. At $1,452, the price of US platinum bar finished the market day up 0.3 percent per ounce. Following two days of downward movement, the price of Chinese platinum bar held steady at CNY 304.00 ($49.87) per gram.

Weakening prices followed two days of improvement as the price of Japanese palladium bar dropped 0.4 percent to JPY 2,351 ($23.91) per gram. After a 0.3 percent increase, US palladium bar finished the day at $738.00 per ounce. The price of Chinese palladium bar showed little movement on Monday at CNY 163.00 ($26.74) per gram.

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