Daily Global Precious Metals Prices Falling

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The price of Chinese gold bullion declined 1.2 percent to CNY 320.50 ($51.50) per gram. Japanese gold bullion finished the day down 1.1 percent to JPY 4,703 ($50.79) per gram. US gold bullion closed 1.1 percent lower at $1,580 per ounce. After improving for two days, the price of Indian gold bullion declined 0.7 percent to INR 29,395 ($540.69) per 10 grams.

At $28.51 per ounce, US silver fell 1.6 percent last Friday. The price of Indian silver fell 1.5 percent to INR 53,044 ($975.69) per kilogram. Chinese silver prices saw a 1.3 percent decline to CNY 5,880 ($944.83) per kilogram. Japanese silver ended the day at JPY 853.00 ($9.21) per 10 grams, after the 0.8 percent drop last Friday.

Chinese platinum bar finished the day down 1.4 percent to CNY 340.00 ($54.63) per gram. Japanese platinum bar ended the day at JPY 4,708 ($50.85) per gram, after the 1.4 percent drop last Friday. US platinum bar prices saw a 0.8 percent decline to $1,581 per ounce.

The price of US palladium bar closed at $727.00 per ounce. Following a couple days of improvement, prices fell by 2.0 percent. The price of Chinese palladium bar fell 1.7 percent to CNY 177.00 ($28.44) per gram. Following a two-day rise, the price of Japanese palladium bar flattened at JPY 2,341 ($25.28).