4.0% Drop Hits Indian Silver, Indian Gold Bullion Also Declines

With a decline of 4.0 percent on Friday, December 20, Indian silver recorded the biggest price drift of the day. US silver fell 2.4 percent last Friday. The price of Japanese silver fell 1.8 percent. Chinese silver ended the day, after the 1.6 percent drop last Friday.

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Indian gold bullion fell 3.9 percent. US gold bullion fell 2.5 percent in price. This marks the fifth day in a row of declining prices and the drop-off has accelerated since Monday, December 16. The price of Chinese gold bullion fell 1.8 percent. The price of Japanese gold bullion showed little movement last Friday.

Chinese platinum bar prices declined 1.4 percent. For the fifth day since Monday, December 16, the drop-off has accelerated. US platinum bar continued its trend downwards. Finishing the day, it dropped 1.3 percent. The price of Japanese platinum bar was essentially unchanged.

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After falling for two days, the price of Japanese palladium bar rose 1.7 percent. After a couple of days of decreasing prices, the price of US palladium bar held steady. Following two days of downward movement, the price of Chinese palladium bar held steady.