At the same time, she abstained from assessing the current total demand and volumes of the market of standardized gold bullions, pointing out that they are connected with the state of global economy.
Sousanyan also said that the bank imported the latest lot of bullions from Austria, and their weight was 5g, 10g, 20g, and 50g. The bank determines the selling price of gold with due regard of international prices, transportation costs, VAT payments and expected profit.
Speaking of legislative restrictions on the import of small-sized bullions, Sousanyan pointed out that the sale price of these bullions rises according to Article 3, Point 4 of the Armenian Law "On currency regulation and currency control", stipulating that the small-sized standardized gold bullions are no banking gold, and on this basis VAT is imposed on the income received from the sale.
She added that in case of any demand for "metal accounts", the bank will take relevant steps to create the given product.
According to VTB Bank (Armenia), at present the bank has fixed the following prices for gold bullions: 5g - 92,055 AMD, 10g - 184,110 AMD, 20g - 368,219 AMD, 50g - 920,548 AMD.
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