Japanese Silver Sees Large Increase

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Metal Prices, Premium

Closing at JPY 665.00 ($6.48) per 10 grams on the Wednesday, December 18, Japanese silver rose 3.9 percent to finish as the day’s biggest mover. The price of Indian silver closed at INR 45,853 ($742.92) per kilogram. Following a couple days of improvement, prices fell by 1.7 percent. At CNY 4,100 ($675.35), the price of Chinese silver finished the market day up 0.4 percent per kilogram. Following a two-day rise, the price of US silver flattened at $19.95.

After falling for two days, the price of Japanese gold bullion rose 1.0 percent to JPY 4,119 ($40.13) per gram. Weakening prices followed two days of improvement as the price of US gold bullion dropped 0.8 percent to $1,231 per ounce. The price of Chinese gold bullion declined 0.5 percent to CNY 243.05 ($40.04) per gram, after two days of improvement. Indian gold bullion closed 0.2 percent lower at INR 28,259 ($457.86) per 10 grams.

The price of US platinum bar declined 0.9 percent to $1,346 per ounce. Following a 0.4 percent rise yesterday, the price of Japanese platinum bar closed at JPY 4,511 ($43.95) per gram. Chinese platinum bar ended the day at CNY 284.00 ($46.78) per gram, after the 0.4 percent drop yesterday.

US palladium bar prices saw a 2.5 percent decline to $697.00 per ounce. Following a quiet couple of days, the price of Chinese palladium bar fell 1.9 percent yesterday to CNY 156.00 ($25.70) per gram. The price of Japanese palladium bar fell 0.7 percent to JPY 2,360 ($22.99) per gram.

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