US Platinum Bar Up After Three-Day Flat Spell

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Metal Prices
Following a three-day flat streak, the price of US platinum bar climbed by 3.5 percent to end at $1,405 per ounce on Monday, January 6. After a 1.1 percent increase, the price of Japanese platinum bar finished the day at JPY 4,645 ($44.27) per gram. Weakening prices followed two days of improvement as the price of Chinese platinum bar dropped 0.3 percent to CNY 293.00 ($48.42) per gram.

After a few days of little change, the price of Japanese palladium bar jumped 1.5 percent, landing at JPY 2,377 ($22.66) per gram. At $726.00 per ounce, US palladium bar fell 0.3 percent on Monday. Following a two-day rise, the price of Chinese palladium bar flattened at CNY 161.00 ($26.61).

At $1,238, the price of US gold bullion finished the market day up 1.2 percent per ounce. The price of Chinese gold bullion increased 1.1 percent to CNY 245.30 ($40.54) per gram. Indian gold bullion saw its price rise 0.8 percent to INR 28,216 ($453.67) per 10 grams. The price of Japanese gold bullion remained essentially flat at JPY 4,093 ($39.01) per gram.

US silver prices inched up 0.7 percent to $20.14 per ounce. The price of Japanese silver rose by 0.3 percent to JPY 670.00 ($6.39) per 10 grams. The price of Chinese silver closed at CNY 4,085 ($675.12) per kilogram. Following a couple days of improvement, the metal’s price weakened by 0.2 percent. Indian silver gained 0.2 percent to finish at INR 46,366 ($745.50) per kilogram.

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