Big Change Hits Indian Gold Bullion

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The day’s biggest mover was Indian gold bullion, dropping 4.8 percent to settle at INR 29,688 ($464.09) per 10 grams on Wednesday, November 13. The price of Chinese gold bullion fell 0.4 percent to CNY 250.20 ($41.06) per gram. The price of Japanese gold bullion rose 0.1 percent to JPY 4,100 ($41.15) per gram after a two-day drop. Following two days of downward movement, the price of US gold bullion held steady at $1,282 per ounce.

At CNY 4,220 ($692.61) per kilogram, Chinese silver fell 2.0 percent on Wednesday. Following a two-day drop, the price of Indian silver increased by 1.6 percent to INR 48,913 ($764.62) per kilogram. After a couple of days of decreasing prices, the price of Japanese silver held steady at JPY 678.00 ($6.81). The price of US silver flattened at $21.35 per ounce after two days of downward movement.

Following a 0.4 percent rise yesterday, the price of Japanese platinum bar closed at JPY 4,630 ($46.47) per gram. The price of Chinese platinum bar flattened at CNY 300.00 ($49.24) following two-days of declines. After dropping for two days, the price of US platinum bar flattened at $1,431.

Chinese palladium bar prices saw a 0.6 percent decline to CNY 164.00 ($26.92) per gram. The price of Japanese palladium bar remained essentially flat at JPY 2,408 ($24.17) per gram. Following two days of downward movement, the price of US palladium bar held steady at $755.00 per ounce.

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