Indian Gold Bullion Turns Around After Two-Day Fall

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Weakening prices changed direction when the price of Indian gold bullion rose 1.8 percent on Thursday, December 19 to INR 28,767 ($463.49) per 10 grams. The price of Chinese gold bullion fell to a 30-day low at CNY 240.60 ($39.64) per gram after shifting 1.0 percent. US gold bullion ended the day at $1,219 per ounce, after the 1.0 percent drop on Thursday. Japanese gold bullion finished the day down 1.0 percent to JPY 4,079 ($39.13) per gram.

After a 1.7 percent increase, Indian silver finished the day at INR 46,655 ($751.70) per kilogram. The price of Chinese silver declined 1.7 percent to CNY 4,030 ($663.92) per kilogram, after two days of improvement. US silver prices saw a 1.1 percent decline to $19.73 per ounce. After a couple of days of improving prices, the price of Japanese silver held steady at JPY 665.00 ($6.38).

The price of Chinese platinum bar declined 1.1 percent to CNY 281.00 ($46.29) per gram. The price of US platinum bar fell 1.0 percent to $1,332 per ounce. Japanese platinum bar closed 0.8 percent lower at JPY 4,476 ($42.94) per gram.

At JPY 2,327 ($22.33) per gram, Japanese palladium bar fell 1.4 percent yesterday. Chinese palladium bar ended the day at CNY 155.00 ($25.54) per gram, after the 0.6 percent drop on Thursday. US palladium bar prices saw a 0.3 percent decline to $695.00 per ounce.

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