Chinese Platinum Bar Changes Direction

The price of Chinese platinum bar fell 34.9 percent on Wednesday, January 15 to CNY 196.00 ($32.45) per gram, making it the day’s biggest mover. The price of US platinum bar closed at $1,426 per ounce. Following a couple days of improvement, the metal’s price weakened by 1.0 percent. Japanese platinum bar prices saw a 0.2 percent decline to JPY 4,790 ($45.97) per gram.

Chinese palladium bar ended the day at CNY 162.00 ($26.82) per gram, after the 0.6 percent drop yesterday. At $737.00 per ounce, US palladium bar fell 0.3 percent on Wednesday. Japanese palladium bar stayed flat at around JPY 2,457 ($23.58) per gram.

The price of Chinese gold bullion declined 1.0 percent to CNY 243.91 ($40.38) per gram. The price of US gold bullion declined 0.6 percent to $1,245 per ounce, after two days of improvement. Japanese gold bullion prices saw a 0.3 percent decline to JPY 4,165 ($39.97) per gram. The price of Indian gold bullion rose 0.2 percent to INR 28,115 ($457.34) per 10 grams after a two-day drop.

Following two days of rising prices, the price of Indian silver dropped 1.6 percent to INR 45,746 ($744.14) per kilogram. The price of Japanese silver increased 1.2 percent to JPY 677.00 ($6.50) per 10 grams. The price of US silver changed direction with a 0.7 percent drop. After two days of improving prices, the metal finished at $20.25 per ounce. Chinese silver ended the day at CNY 4,055 ($671.30) per kilogram, after the 0.4 percent drop on Wednesday.

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