Monday, October 3 2011 19:46
Precious metals keep on falling in price
ArmInfo. This week the gold and silver prices in Armenia dropped by 15.8%, the platinum and palladium prices - by 8.7%, with the average drop being 12.2%.
According to the State Precious Metal and Stone Depository of Armenia, the prices of precious meals for Oct 3-9 2011 are as follows: one gram of gold (standard bars) - 19525.18 AMD (8% weekly decline), one gram of silver - 366.84 AMD (19.8% weekly decline), one gram of platinum - 18539.25 AMD (11.8% weekly decline) and one gram of palladium - 7586.10 AMD (9.3% weekly decline).
Since early 2011, gold in Armenia has grown in price by 21.7%, silver - by 8.3%; platinum and palladium have grown in price by 7% and 13.2% respectively. The average growth in precious metal prices since early 2011 is 2.5%. Over Q1 2011 precious metals rose in price by 9.7%, over Q2 2011 - by 2.5%, over Q3 - by 3.9%.
Over the first half of 2011 precious metals grew in price by 12.3% mostly due to considerable growth in prices of silver (by 26.5%) and gold (by 15.1%), while platinum and palladium prices grew by 3-4%.
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