ArmInfo. In Armenia, this week prices for precious metals slowed down to 1.8% from 2.3% a week ago. Moreover, the slowdown in the decline was caused by palladium and silver: the first - the way out of the downtrend to the ascending trend, and the second - the decline in the rate of decline, against which gold and platinum began to lose more in price.
According to the State Treasury of the Ministry of Finance of Armenia, from December 18 to December 24, 2017 the following selling prices for precious metals were established: gold gram (measured ingots) - 19361.93 drams (acceleration of the weekly decline from 1.6% to 1.8%), silver - 246 drams (slowing down the weekly decline from 4.1% to 1.9%), platinum - 13648.55 drams (acceleration of the weekly decline from 3.2% to 3.9%), and palladium - 15715, 29 drams (change of weekly dynamics from 0.4% the decline by 0.3% growth).
According to international exchanges, December 20, 2017 at 12: 56. The spot price of a troy ounce of gold was $ 1265.7 (daily decline by 0, 01%), silver - $ 16.27 (without diurnal changes), platinum - $ 923 (without daily changes) and palladium - $ 1032 (without diurnal changes).
Experts of the precious metals market of CPM Group believe that in the new 2018 the demand for gold and silver will show a slight increase. Geopolitical and economic instability in many countries of the world will contribute to the fact that interest in gold from large investors will continue in the next 2018. However, do not expect a sharp increase in demand. According to experts, investment demand will grow from only 27 million to 27.5 million ounces. At the same time, investment demand for silver could grow from 108 million to 128 million ounces.
According to the CMP Group, the demand for silver in 2018 the industry will show a decline, as industrial consumers have sufficient inventory that they have accumulated in recent years. The supporting factor for silver will be demand from manufacturers of solar panels.
According to the forecast of the CMP Group, demand for platinum in 2018 will decrease from 7.06 million to 6.94 million ounces, as demand for this precious metal from the automotive industry and jewelry sector will decline. Experts believe that demand for palladium next year will also decrease slightly from the industry from 9.4 million to 9.3 million ounces.