Large Decrease for Indian Silver

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Metal Prices, Premium

The day’s biggest mover was Indian silver, dropping 4.7 percent to settle at INR 44,096 ($706.67) per kilogram on Friday, November 29. At JPY 640.00 ($6.26) per 10 grams, Japanese silver fell 1.5 percent last Friday. Chinese silver ended the day at CNY 4,130 ($678.00) per kilogram, after the 0.2 percent drop last Friday. After dropping for two days, the price of US silver flattened at $19.66.

Indian gold bullion finished the day down 0.2 percent to INR 28,960 ($464.10) per 10 grams. The price of Chinese gold bullion rose 0.2 percent to CNY 244.80 ($40.19) per gram after a two-day drop. After a 0.1 percent increase, Japanese gold bullion finished the day at JPY 4,077 ($39.85) per gram. Following two days of downward movement, the price of US gold bullion held steady at $1,238 per ounce.

Japanese platinum bar closed 0.7 percent lower at JPY 4,484 ($43.83) per gram. The price of Chinese platinum bar steadied at CNY 286.00 ($46.95) per gram following two-days of dropping prices. The price of US platinum bar flattened at $1,351 per ounce after two days of downward movement.

Japanese palladium bar gained 0.3 percent to finish at JPY 2,370 ($23.17) per gram. US palladium bar held its value last Friday at $716.00 per ounce. The price of Chinese palladium bar remained steady at CNY 160.00 ($26.27) per gram.

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