Rhodium Jumped Past Platinum Thanks to Automotive Exhaust Buyers

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The price of rhodium, a metal used in car pollution-control devices, surpassed that of more-widely used platinum for the first time in 31 months in August.

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Rhodium surging to $1,475 an ounce on Aug. 14, surpassing platinum for the first time since 2011 after overtaking gold, according to price data compiled by Bloomberg.

US palladium bar saw a 1.0 percent increase on Wednesday, September 17, reaching $840.00 per ounce and making it the biggest upwards shift of the day. Japanese palladium bar saw little change in its price yesterday at JPY 2,947 ($27.50) per gram. The price of Chinese palladium bar remained essentially flat at CNY 184.00 ($29.96) per gram.

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The price of US platinum bar is back up, rising by 0.2 percent yesterday to close at $1,361 per ounce. The price of Chinese platinum bar remained steady at CNY 287.00 ($46.74) per gram. At JPY 4,693 ($43.80) per gram, the price of Japanese platinum bar was essentially unchanged.

Indian gold bullion prices saw a 0.2 percent decline to INR 27,177 ($446.38) per 10 grams. US gold bullion saw its price rise 0.2 percent to $1,235 per ounce. Chinese gold bullion held its value yesterday at CNY 245.25 ($39.94) per gram. The price of Japanese gold bullion showed little movement yesterday at JPY 4,257 ($39.73) per gram.

The price of Chinese silver increased 0.2 percent to CNY 4,145 ($674.97) per kilogram. US silver finished the day up 0.2 percent to $18.68 per ounce. After a couple of days of improving prices, the price of Indian silver held steady at INR 41,497 ($681.58). The price of Japanese silver remained steady at JPY 639.00 ($5.96) per 10 grams.

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