Palladium has surged to a 30-day high thanks to possible western sanctions against Russia, the continuing miners strike in South Africa and strong vehicle demand – palladium is used to make catalytic converters – according to Forbes.
Following two days of increases, the price of US palladium bar dropped by 0.2 percent to end at $808.00 per ounce on Tuesday, April 15. The price of Japanese palladium bar flattened at JPY 2,635 ($25.85) after two days of improvement. After a couple of days of improving prices, the price of Chinese palladium bar held steady at CNY 186.00 ($29.91).
Weakening prices followed two days of improvement as the price of US platinum bar dropped 0.2 percent to $1,462 per ounce. Following a two-day rise, the price of Chinese platinum bar flattened at CNY 311.00 ($50.00). The price of Japanese platinum bar held steady at JPY 4,777 ($46.87) per gram.
Following a couple days of improvement, the price of US gold bullion weakened by 0.2 percent. Prices closed at $1,327 per ounce. The price of Chinese gold bullion ended a two-day climb, settling at CNY 264.95 ($42.60) per gram. The price of Indian gold bullion steadied at INR 28,781 ($476.90) per 10 grams following two-days of increases. Japanese gold bullion saw little change in its price yesterday at JPY 4,330 ($42.48) per gram.
US silver prices saw a 0.2 percent decline to $19.96 per ounce. The price of Chinese silver showed little movement yesterday at CNY 4,155 ($668.05) per kilogram. The price of Indian silver steadied at INR 43,510 ($720.96) per kilogram following two-days of dropping prices. The price of Japanese silver remained steady at JPY 652.00 ($6.40) per 10 grams.