Tuesday, June 19 2012 15:23
Precious metals rise in price by 0.7%
ArmInfo. Almost 0.7% average growth in prices of precious metals will be fixed in Armenia for the current week against the background of 1.1% growth in gold, platinum and palladium prices and 0.3% reduction in prices of silver.
The State Depository of Precious Metals and Stones of the Armenian Finance Ministry told ArmInfo that the following prices have been fixed for 18-24 June 2012: gold (small bullions) - 21440 AMD (0.5% weekly growth), silver - 382,69 AMD (0.3% decline), platinum - 19512,02 AMD (1.6% growth), palladium - 8325,57 AMD (1.1% growth).
As compared to the beginning of 2012, gold in Armenia has grown in price by 8.2%, silver - by 6.1%, platinum - by 1.1%, and palladium - by 6.8%. The average growth of precious metal prices since early 2012 is 8%.
Over Q1 2012 the precious metals rose in price by 10.1%: gold - by 3.9%, silver - by 10.7%, platinum - by 16.5%, and palladium - by 9.4%. In April the prices of precious metals dropped almost by 2% due to 4% reduction in platinum prices and more than 2% reduction in silver prices. In May the precious metals fell in price by 4.4%, because palladium dropped in price by 6.5%, silver - by 5.8%, platinum - by 4.3%, and gold - by 1%. The biggest growth (9.5%) in the precious metal prices in the first half of 2012 was fixed in January due to the considerable growth of silver and platinum prices (by 11-12%).
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