Tuesday, November 20 2012 17:17

Precious metals have grown in price by almost 14% since early 2012


ArmInfo. Precious metals in Armenia have grown in price by 13.6% since early 2012 mostly due to 16.4% increase in gold, platinum and silver prices and 5.2% increase in palladium prices.

Over this period of time, silver has been up in price by 18%, platinum - by 17.2%, gold - by 13.8%. In October 2012 precious metals rose in price by 2.2% mostly due to 4% increase in the prices of gold, platinum and silver amid 3.3% reduction in palladium prices.

1.5% average growth in prices of precious metals has been fixed in Armenia this week against the background of 1.8% increase in platinum, silver and palladium prices and 0.4% increase in gold prices. The State Depository of Precious Metals and Stones of the Armenian Finance Ministry told ArmInfo that the following prices have been fixed for 19- 25 November 2012: gold (small bullions) - 22564.78 AMD (0.4% weekly rise), silver - 425.71 AMD (2.3% rise), platinum - 20613.43 AMD (1.1% weekly rise), and palladium - 8196.49 AMD (2% weekly rise).
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