Gold and silver gained as the year ended although both metals face an uncertain new year as the US dollar continues to strengthen weakening their appeal as investments.

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Platinum and palladium also saw gains nearly across the board to close out the year.

Following a two-day decline, the price of US silver climbed up 2.9% to end at $16.27 per ounce on Wednesday, December 31. After a 1.5% increase, Indian silver finished the day at INR 37,880 ($597.95) per kilogram. The price of Chinese silver increased 1.5% to CNY 3,450 ($556.25) per kilogram. Following a two-day rise, the price of Japanese silver flattened at JPY 620.00 ($5.19).

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After falling for two days, the price of US gold bullion rose 1.5% to $1,200 per ounce. Chinese gold bullion gained 0.8% to finish at CNY 240.50 ($38.78) per gram. Indian gold bullion prices inched up 0.5% to INR 27,260 ($430.31) per 10 grams. The price of Japanese gold bullion flattened at JPY 4,619 ($38.66) after two days of improvement.

The price of US platinum bar rose 1.5% to $1,210 per ounce after a two-day drop. Chinese platinum bar finished the day up 0.4% to CNY 259.00 ($41.76) per gram. After a couple of days of improving prices, the price of Japanese platinum bar held steady at JPY 4,692 ($39.27).

At CNY 179.00 ($28.86) per gram, Chinese palladium bar fell 0.6% on Wednesday. The price of Japanese palladium bar ended a two-day climb, settling at JPY 3,203 ($26.81) per gram. After dropping for two days, the price of US palladium bar flattened at $808.00.