Monday, September 5 2011 15:04

Gold and palladium grow and silver and platinum drop in prices


ArmInfo. 0.9% average growth in prices of precious metals will be fixed in Armenia for the current week against the background of 2% growth in gold and palladium prices and 0.2% reduction in silver and platinum prices. The State Depository of Precious Metals and Stones of the Armenian Finance Ministry told ArmInfo that the following prices have been fixed for 5-11 September 2011: gold (small bullions) - 21650,71 AMD (0.8% weekly growth), silver - 492,26 AMD (0.3% decline), platinum - 21908,63 AMD (0.1% weekly decline), palladium - 9211,50 AMD (3.2% weekly growth).

Since early 2011, gold in Armenia has grown in price by 35%, silver - by 45.3%, platinum - by 9.9%, and palladium - by 5.4%. The average growth of precious metals prices since early 2011 is 24%.

Over Q1 2011 the precious metals grew in price by 9.7% and by 2.5% over Q2 2011. Over Q1 2011 gold and silver rose in price by 17,2%, while platinum and palladium - by 2.2%, and over Q2 2011 gold grew in price by 8.8%, platinum and palladium - by 1.5%, while silver dropped in price by 1.6%. In total, over Q1 2011 precious metals rose 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 grew in price by 3-4%.
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