Tuesday, September 13 2011 19:00
Gold price keeps growing
ArmInfo. This week the gold, silver and platinum prices in Armenia grew by 2.2% with the palladium price dropping by 1%. The average growth made up 1.3%.
According to the State Precious Metal and Stone Depository of Armenia, the prices of precious meals for Sept 12-18 2011 are as follows: one gram of gold (standard bars) - 22,349.83 AMD (3.2% weekly growth), one gram of silver - 501.14 AMD (1.8% weekly growth), one gram of platinum - 22,219.32 AMD (1.4% weekly growth) and one gram of palladium - 9,101.76 AMD (1.2% weekly drop).
Since early 2011, gold in Armenia has grown in price by 39.3%, silver - by 47.9%, platinum - by 11.4%, palladium – by 4.2%. The average growth in precious metal prices since early 2011 is 25.7%. Over Q1 2011 precious metals rose in price by 9.7% and over Q2 2011 - by 2.5%.
Over Q1 gold and silver rose in price by 17.2%, while platinum and palladium - by 2.2%, and over Q2 gold grew in price by 8.8%, platinum and palladium - by 1.5%, while silver dropped by 1.6%. In total, over Q1 2011 precious metals grew in price by 12.3% mostly due to the considerable growth of silver prices (by 26.5%) and gold prices (by 15.1%), while platinum and palladium grew in price by 3-4%.
In June precious metals dropped in price by 4%, then again started growing starting 10 July mostly due to the growth in silver and palladium prices. In July precious metals grew in price almost by 4%: gold and silver - by 5.6%, and platinum and palladium - by 2.2%. In August (1-29.08.2011) the precious metals grew in price by 5% due to the growth in price of gold by 14.3%, silver - by 5.4%, platinum - by 4.9%, while palladium dropped by 4.6%. Over the first decade of September precious metals rose in price by 2.2%: gold - by 4%, silver - by 1.5%, platinum - by 1.3%, palladium - by 1.9%.
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