Tuesday, July 10 2012 15:36

Precious metals grow in price by 2.2%


ArmInfo. 2.2% average growth in prices of precious metals will be fixed in Armenia for the current week against the background of 3.3% growth in silver and platinum prices and 1.1% increase in gold and palladium prices.

The State Depository of Precious Metals and Stones of the Armenian Finance Ministry told ArmInfo that the following prices have been fixed for 9-15 July 2012: gold (small bullions) - 21594,48 AMD (2.1% weekly growth), silver - 374.28 AMD (3.3% increase), platinum - 19735,63 AMD (3.4% increase), palladium - 7912,67 AMD (0.1% increase).

As compared to the beginning of 2012, gold in Armenia has grown in price by 8.9%, silver - by 3.8%, platinum - by 12.3%, and palladium - by 1.5%. The average growth of precious metal prices since early 2012 is 6.6%.

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%.

Over Q2 2012 the precious metals dropped in price by 1.5%: silver - by 5.4%, platinum - by 3.7%, palladium - by 1.8%, and gold grew in price by 4.7%.

The biggest growth in precious metal prices in the first half of 2012 was fixed in January - by 9.5% due to the considerable growth in silver and platinum prices (by 11-12%), and in June - by 7.4% due to the considerable increase in gold and palladium prices (by 8-9%). The biggest decline in the precious metal prices in the first half of 2012 was fixed in March - by 5.1% due to the considerable decline in silver and gold prices (by 6-7%).
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