Big Change Hits Indian Gold Bullion

Indian gold bullion saw the biggest price decline of the day, dropping 4.6 percent to close at INR 28,780 ($461.65) per 10 grams on Tuesday, December 3. The price of Chinese gold bullion fell to a 30-day low at CNY 241.50 ($39.64) per gram after shifting 1.7 percent. The price of US gold bullion closed Tuesday at $1,219 per ounce, halting its two-day flat run with a 1.5 percent decline. Japanese gold bullion prices inched up 0.5 percent to JPY 4,106 ($39.89) per gram.

Indian silver fell 3.1 percent to INR 45,221 ($725.37) per kilogram. After two changeless days, the price of US silver fell 2.3 percent to $19.20 per ounce. The price of Chinese silver declined 1.5 percent to CNY 4,050 ($664.74) per kilogram. Japanese silver gained 0.5 percent to finish at JPY 650.00 ($6.31) per 10 grams.

The price of Chinese platinum bar fell 1.0 percent to CNY 285.00 ($46.78) per gram. Following a quiet couple of days, the price of US platinum bar fell 0.8 percent on Tuesday to $1,340 per ounce. Japanese platinum bar saw its price rise 0.2 percent to JPY 4,522 ($43.93) per gram.

Tuesday saw the price of US palladium bar drift down 0.8 percent to $710.00 per ounce after a couple of stagnant days. Chinese palladium bar prices saw a 0.6 percent decline to CNY 158.00 ($25.93) per gram. After a couple of days of improving prices, the price of Japanese palladium bar held steady at JPY 2,378 ($23.10).

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