Indian Gold Bullion Jumps 5.4%

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Indian gold bullion saw a 5.4 percent increase on Friday, November 8, reaching INR 30,740 ($489.02) per 10 grams and making it the biggest upwards shift of the day. The price of US gold bullion fell 0.8 percent to $1,308 per ounce. Chinese gold bullion prices saw a 0.6 percent decline to CNY 257.20 ($42.22) per gram. The price of Japanese gold bullion moved up 0.4 percent, landing at JPY 4,184 ($42.62) per gram.

After improving for two days, the price of US silver declined 0.6 percent to $21.67 per ounce. After a 0.4 percent increase, Japanese silver finished the day at JPY 688.00 ($7.01) per 10 grams. The price of Chinese silver closed at CNY 4,360 ($715.64) per kilogram. Following a couple days of improvement, the metal’s price weakened by 0.3 percent. Weakening prices followed two days of improvement as the price of Indian silver dropped 0.1 percent to INR 50,063 ($796.42) per kilogram.

At JPY 4,675 ($47.62), the price of Japanese platinum bar finished the market day up 0.8 percent per gram. The price of Chinese platinum bar declined 0.7 percent to CNY 305.00 ($50.06) per gram. US platinum bar held its value last Friday at $1,450 per ounce.

Japanese palladium bar gained 1.4 percent to finish at JPY 2,422 ($24.67) per gram. The price of US palladium bar closed at $761.00 per ounce. Following a couple days of improvement, prices fell by 0.1 percent. The price of Chinese palladium bar ended a two-day climb, settling at CNY 167.00 ($27.41) per gram.

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