Tuesday, October 11 2016 17:38
Alina Hovhannisyan

Prices on precious metals dropped by 3.9%

Prices on precious metals dropped by 3.9%

ArmInfo. Prices on precious  metals have dropped by 3.9% versus 0.3% growth in previous week,  which is mainly determined by accelerated reduction of silver and  platinum prices at the background of negative dynamics of gold and  palladium prices. 

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 October  10-October 16: gold (small bullions) - 19534.12 AMD per 1g (3.5%  decline versus the previous week's 0.4% growth), silver -277.17 AMD  (5.6% decline versus the previous week's 0.9% decline), platinum -  15110.95 AMD  (3.9% decline versus previous 0.6% decline), and  palladium  - 10440.98 AMD (2.6% decline versus 2.4% growth during the   previous  week).

By the data of international stock markets, as of October 11, 2016,  3:17 pm Moscow time, the spot price of 1 troy ounce of gold made up   $1255.9 (0.03% growth versus October 10), silver - $17.68 (0.11%  growth versus October 10), platinum - $961 (no changes versus October  10), and palladium - $662 (no changes versus October 10).