Large Decrease For Chinese Silver

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Chinese silver saw a three percent drop on May 15, 2012, landing at CNY 5,895 ($932) per kilogram and making it the biggest mover of the day. At JPY 718.00 ($9.00) per 10 grams, Japanese silver fell 2.7 percent on Tuesday. The price of US silver declined 0.6 percent to $28.17 per ounce. Indian silver closed 0.5 percent lower at INR 52,598 ($974) per kilogram.

Chinese gold bullion finished the day down 1.9 percent to CNY 317.60 ($50.23) per gram. Japanese gold bullion prices saw a 1.7 percent decline to JPY 3,993 ($50) per gram. Indian gold bullion ended the day at INR 28,118 ($521) per 10 grams, after the 0.4 percent drop yesterday. After dropping for two days, the price of US gold bullion flattened at $1,555.

Chinese platinum bar finished the day down two percent to CNY 312.00 ($49.35) per gram. The price of Japanese platinum bar declined 1.7 percent to JPY 3,700 ($46) per gram. The price of US platinum bar is back up, rising by 0.1 percent on Tuesday to close at $1,444 per ounce.

At JPY 1,519 ($19) per gram, Japanese palladium bar fell 2.1 percent on Tuesday. Chinese palladium bar closed two percent lower at CNY 144.00 ($22.78) per gram. US palladium bar ended the day at $593.00 per ounce, after the 0.3 percent drop yesterday.

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