Tokyo platinum down 1.3 pct on NY decline, gold flat

TOKYO, June 27 (Reuters) Key Tokyo platinum futures fell on Wednesday, following a slump in their peers in New York and extending the previous day's reversal from a rally that had pushed the Tokyo market to a record high.

-- Cash gold was at $642.30/643.00 an ounce, little changed from $642.00/642.60 late in New York.

-- The most active April platinum futures contract on the Tokyo Commodity Exchange stood at 4,970 yen a gram as of 0122 GMT, down 63 yen or 1.3 percent from Tuesday's close.

-- On Monday, the April contract hit a record high for any benchmark of 5,117 yen as a weakening yen versus the dollar spurred more buying. Supply concerns stemming from a labour dispute in South Africa also helped the bullish mood.

-- But a sudden appreciation in the yen has stopped a rally in yen-based futures prices.

-- Cash platinum was at $1,265/1,270 an ounce, flat from late in New York on Tuesday, when it fell $15.

-- Spot silver was at $12.28/12.33 an ounce, compared with $12.24/12.27 in New York, when it fell more than $0.6 an ounce.

-- Silver futures on the COMEX division of the New York Mercantile Exchange fell sharply on heavy sales related to option expirations and central bank activity.

-- Spot palladium fetched $364/368 an ounce versus $363.20/367.20.

REUTERS SRS VP0725