Big Change Hits Indian Gold Bullion

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Metal Prices, Premium

Decreasing 6.6 percent made Indian gold bullion the biggest mover of the day, finishing at INR 28,625 ($464.77) per 10 grams on Friday, December 6. Weakening prices followed two days of improvement as the price of US gold bullion dropped 1.5 percent to $1,225 per ounce. At CNY 241.81 ($39.69) per gram, Chinese gold bullion fell 0.9 percent last Friday. Following a two-day drop, the price of Japanese gold bullion increased by 0.9 percent to JPY 4,064 ($39.94) per gram.

After falling for two days, the price of Japanese silver rose 1.4 percent to JPY 638.00 ($6.27) per 10 grams. US silver ended the day at $19.43 per ounce, after the 1.4 percent drop last Friday. Indian silver finished the day down 1.1 percent to INR 44,900 ($729.01) per kilogram. Chinese silver prices saw a 0.5 percent decline to CNY 4,035 ($662.22) per kilogram.

US platinum bar closed 0.5 percent lower at $1,359 per ounce. The price of Japanese platinum bar is back up, rising by 0.2 percent last Friday to close at JPY 4,489 ($44.12) per gram. The price of Chinese platinum bar showed little movement last Friday at CNY 286.00 ($46.94) per gram.

Chinese palladium bar prices rose 1.2 percent to CNY 162.00 ($26.59) per gram. The price of Japanese palladium bar increased 0.3 percent to JPY 2,385 ($23.44) per gram. Following a two-day rise, the price of US palladium bar flattened at $726.00.

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