Indian Gold Bullion Changes Directions

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Metal Prices, Premium

The price of Indian gold bullion rose 8.3 percent on Thursday, December 5, making it the day’s biggest mover. After two days of falling prices, it closed at INR 30,652 ($496.71) per 10 grams. US gold bullion prices inched up 1.6 percent to $1,243 per ounce. Following a two-day drop, the price of Chinese gold bullion increased by 1.1 percent to CNY 244.00 ($40.05) per gram. Japanese gold bullion ended the day at JPY 4,029 ($39.34) per gram, after the 0.7 percent drop yesterday.

After falling for two days, the price of US silver rose 2.8 percent to $19.71 per ounce. Following a 1.2 percent rise yesterday, the price of Chinese silver closed at CNY 4,055 ($665.67) per kilogram. The price of Indian silver is back up, rising by 0.6 percent on Thursday to close at INR 45,414 ($735.93) per kilogram. Japanese silver finished the day down 0.3 percent to JPY 629.00 ($6.14) per 10 grams.

US platinum bar finished the day up 1.9 percent to $1,366 per ounce. At CNY 286.00 ($46.95), the price of Chinese platinum bar finished the market day up 0.4 percent per gram. The price of Japanese platinum bar declined 0.3 percent to JPY 4,479 ($43.74) per gram.

After a 1.7 percent increase, US palladium bar finished the day at $726.00 per ounce. Chinese palladium bar gained 1.3 percent to finish at CNY 160.00 ($26.27) per gram. At JPY 2,378 ($23.22) per gram, Japanese palladium bar fell 0.6 percent on Thursday.

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