Monday, October 10 2011 18:38

Precious metals fell in price by 13.7% over Oct 1-10


ArmInfo. This week the platinum and palladium prices in Armenia dropped by 4.8%, the gold and silver prices rose in price by 1.4%, with the average drop being 1.7%.

According to the State Precious Metal and Stone Depository of Armenia, the prices of precious meals for Oct 10-16 2011 are as follows: one gram of gold (standard bars) - 1981.,78 AMD (1.5% weekly growth), one gram of silver - 371.72 AMD (1.3% weekly growth), one gram of platinum - 17993.55 AMD (2.9% weekly decline) and one gram of palladium - 7089.39 AMD(6.6% weekly decline).

Since early 2011, gold in Armenia has grown in price by 23.5%, silver - by 9.7%; platinum and palladium have dopped in price by 9.8% and 18.9% respectively. The average growth in precious metal prices since early 2011 is 1.2%. 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%. Over Oct 1-10 precious metals dropped in price by 13.7%, particularly, gold - by 6.7%, silver - by 18.7%, platinum - 14.4%, and palladium - 15.2%.
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