Precious metals in Armenia keep growing in price

ArmInfo. Precious metals in Armenia keep rising in price mostly due to abrupt growth in palladium and silver prices. This week, precious metals in Armenia have risen by 3% (versus 2.5% growth a week before) amid the dropping prices of gold.

In Armenia palladium keeps dropping in price amid slight growth in gold prices. The State Depository of Precious Metals and Precious Stones of the Armenian Ministry of Finance has told ArmInfo that over the current week the precious metals in Armenia have dropped in price by 1%.     

The State Depository of Precious Metals and Precious Stones of the Armenian Ministry of Finance has told ArmInfo that the following selling prices have been set for precious metals for April 25- May 1: gold (small bullions) - 19198.74 AMD per 1g (down 0.5% versus the previous week), silver - 259.69 AMD (up 4.9%), platinum - 15562.14 AMD (up 1.5%) and palladium - 9060.35 AMD (up 6.1%).

Since early 2016, precious metals in Armenia have grown in price by 13.2%. In particular, silver has risen in price by 17.5%, gold - by 15.3%, palladium - by 15% and platinum - by 5%.

By the data of the international stock markets as of April 27, 2016, 4:53 pm Moscow time, the spot price of 1 troy ounce of gold made up $1251 (down 0.03% versus April 26), silver - $17.46 (up 0.06% versus April 26), platinum - $1026 (no changes versus April 26) and palladium - $611 (no changes versus April 26).