Monday, September 26 2011 18:03
Precious metal prices down almost 5% in September
ArmInfo. This week the gold and silver prices in Armenia dropped by 4.6%, the platinum and palladium prices - by 4% with the average drop being 4.3%.
According to the State Precious Metal and Stone Depository of Armenia, the prices of precious meals for Sept 26-Oct 2 2011 are as follows: one gram of gold (standard bars) - 21231.79 AMD (2.9% weekly decline), one gram of silver - 457.15 AMD (6.4% weekly decline), one gram of platinum - 21022.97 AMD (3.7% weekly decline) and one gram of palladium - 8359.97 AMD (4.3% weekly decline).
Since early 2011, gold in Armenia has grown in price by 32.4%, silver - by 34.9%, platinum - by 5.4%, palladium has dropped in price by 4.3%. The average growth in precious metal prices since early 2011 is 17.1%. Over Q1 2011 precious metals rose in price by 9.7%, over Q2 2011 - by 2.5%, over Q3 - by 3.9%.
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%. In September precious metals dropped in price almost by 5%: gold - by 1.2%, silver - by 7.4%, platinum - by 4.2%, palladium - by 6.4%.
Over Q3 gold rose in price by 15%, silver - by 6.7%, platinum - by 1.2%, and palladium fell in price by 7.4%.
Active consumer lending causes double-digit growth in bad loans 
Luys Foundation: Armenian government continues to face challenges in budget planning
Armenia`s brandy and winemaking industry in crisis - economist 
Even at embryonic stage, powerful impetus given to economic activity in energy sector - ENA acting manager 
Armenian NA OKs ENA nationalization 
China preparing to open new chapter of One Belt, One Road initiative with involvement of Armenia - diplomat 
The Merger between "Ardshinbank" CJSC and "Ardshininvestbank" CJSC Has Been Completed
Ticket packets 1.2% of total number of transport tickets in Yerevan