With a 1.8 percent increase on Thursday, December 12, Japanese silver was the biggest mover on the Global Precious Metals MMI®. Chinese silver closed 0.7 percent lower at CNY 4,135 ($681.01) per kilogram. The price of US silver closed at $20.30 per ounce. Following a couple days of improvement, prices fell by 0.6 percent. Indian silver finished the day up 0.6 percent to INR 46,648 ($757.27) per kilogram.
The price of US gold bullion closed at $1,252 per ounce. Following a couple days of improvement, the metal’s price weakened by 0.8 percent. Japanese gold bullion saw its price rise 0.6 percent to JPY 4,154 ($40.52) per gram. Chinese gold bullion finished the day down 0.2 percent to CNY 246.38 ($40.58) per gram. Following a two-day rise, the price of Indian gold bullion flattened at INR 28,945 ($469.89).
Weakening prices followed two days of improvement as the price of US platinum bar dropped 0.5 percent to $1,379 per ounce. After improving for two days, the price of Japanese platinum bar declined 0.2 percent to JPY 4,572 ($44.59) per gram. The price of Chinese platinum bar showed little movement yesterday at CNY 290.00 ($47.76) per gram.
The price of US palladium bar declined 0.5 percent to $733.00 per ounce. At JPY 2,440 ($23.80) per gram, Japanese palladium bar fell 0.2 percent yesterday. The price of Chinese palladium bar held steady at CNY 163.00 ($26.85) per gram.