Tuesday, August 16 2011 18:45
Gold keeps on rising in price, and silver falling
ArmInfo. 6,3% average growth in prices of gold will be fixed in Armenia for the current week against the background of 5.5% falling in palladium and silver prices and 1,2% average falling in prices of precious metals.
The State Depository of Precious Metals and Stones of the Armenian Finance Ministry told ArmInfo that the following prices have been fixed for 15-21 August 2011: gold (small bullions) - 20672,25 AMD (6.3% weekly growth), silver - 458,93 AMD (3.1% weekly falling), platinum - 20778,97 AMD (0.2% weekly falling), palladium - 8707,59 AMD (7.9% weekly falling).
Since early 2011, gold in Armenia has grown in price by 28.9%, silver - by 35.5%, platinum - by 4,2%, and palladium fell in price - by 0,3%. The average growth of precious metals prices since early 2011 is 17,1%.
Over Q1 2011, precious metals grew in price by 9.7% and over Q2 - by 2.5%. Over Q1 2011 gold and silver rose in prices by 17.2%, while platinum and palladium grew in price by 2.2%, and over Q2 gpld price rose by 8.8%, platinum and palladium - by 1.5%, while silver price dropped by 1.6%.
Over the first half of 2011, precious metals grew in price by 12.3%, mostly due to the considerable growth in prices of silver (by 26.5%) and gold (by 15.1%), while platinum and palladium rose in price by 3-4%. In June precious metals dropped in price by 4%, this tendency continued in early July, but the prices have started growing since July 10 due to the silver and palladium price growth. In July the precious metals rose in price by almost 4%: gold and silver - by 5.6%, and platinum and palladium - by 2.2%. In August (1-21 August) precious metals rose in price just by 0,1% thanks to gold price growth almost by 10%, whereas palladium, platinum and silver dropped in price by 7%, 0,7% and 2% respectively.
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