Japanese Silver Drops 3.6%

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Metal Prices, Premium

Japanese silver had the largest decline on Monday, December 16, dropping 3.6 percent and landing at JPY 638.00 ($6.16) per 10 grams. After falling for two days, the price of US silver rose 0.9 percent to $19.68 per ounce. Indian silver prices inched up 0.6 percent to INR 45,447 ($732.93) per kilogram. The price of Chinese silver fell 0.2 percent to CNY 4,025 ($663.00) per kilogram.

Japanese gold bullion finished the day down 1.2 percent to JPY 4,092 ($39.51) per gram. The price of US gold bullion is back up, rising by 1.1 percent on Monday to close at $1,239 per ounce. Following a two-day drop, the price of Chinese gold bullion increased by 0.5 percent to CNY 242.65 ($39.97) per gram. At INR 28,811 ($464.64), the price of Indian gold bullion finished the market day up 0.4 percent per 10 grams.

Japanese platinum bar prices saw a 0.9 percent decline to JPY 4,532 ($43.76) per gram. The price of US platinum bar rose 0.4 percent to $1,361 per ounce after a two-day drop. The price of Chinese platinum bar remained essentially flat at CNY 286.00 ($47.11) per gram.

The price of Japanese palladium bar declined 1.7 percent to JPY 2,399 ($23.16) per gram. Following a 0.1 percent rise on Monday, the price of US palladium bar closed at $715.00 per ounce. At CNY 159.00 ($26.19) per gram, the price of Chinese palladium bar was essentially unchanged.

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