Indian Silver Up Again

The price of Indian silver closed up Monday, December 2 at INR 46,650 ($746.96) per kilogram, halting two days of weakening prices with a 5.8 percent shift. After a 1.1 percent increase, Japanese silver finished the day at JPY 647.00 ($6.31) per 10 grams. Chinese silver ended the day at CNY 4,110 ($674.40) per kilogram, after the 0.5 percent drop on Monday. US silver stayed flat at around $19.66 per ounce.

After falling for two days, the price of Indian gold bullion rose 4.2 percent to INR 30,179 ($483.22) per 10 grams. Chinese gold bullion saw its price rise 0.3 percent to CNY 245.59 ($40.30) per gram. Japanese gold bullion gained 0.2 percent to finish at JPY 4,087 ($39.88) per gram. The price of US gold bullion remained essentially flat at $1,238 per ounce.

Chinese platinum bar prices rose 0.7 percent to CNY 288.00 ($47.26) per gram. The price of Japanese platinum bar rose 0.6 percent to JPY 4,512 ($44.02) per gram after a two-day drop. At $1,351 per ounce, the price of US platinum bar was essentially unchanged.

Monday saw the price of Chinese palladium bar drift down 0.6 percent to CNY 159.00 ($26.09) per gram after a couple of stagnant days. After a 0.3 percent increase, Japanese palladium bar finished the day at JPY 2,378 ($23.20) per gram. The price of US palladium bar showed little movement yesterday at $716.00 per ounce.

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