ArmInfo. In Armenia the precious metals have dropped in price by 14% since early 2015 and the biggest decline was registered in November. Since the beginning of 2015, palladium and platinum have fallen in price by 21-24% amid 4% decline in gold and silver prices. In November alone, palladium fell in price by 13%, platinum - by 9%, silver - by 6%, and gold - by 5%. Due to the trends on the world markets of precious metals, the prices on the Armenian market will fall by 5% this week.
The State Depository of Precious Metals and Precious Stones of the Armenian Ministry of Finance has fixed the following prices for November 16-22: the selling price of 1g of gold (gold weighted bullions) is 16851.96 AMD (down 2% as compared to the previous week), silver - 224.98 AMD (down 4%), platinum - 13884.32 AMD (down 6%), palladium - 9071.54 AMD (down 7%).
By the international stock exchanges' data for November 18, the spot price of 1 gold ounce dropped to $1071.6 versus $1072.1 on Nov 17, silver - $14.32 (no changes versus Nov 17), platinum - $855 versus $858 on Nov 17, and palladium - $548 versus $550 on Nov 17. In July the futures on delivery to the United States dropped in price to $1172.9 per 1 ounce and those on delivery to Tokyo - to $1081.2 per 1 ounce in December. Platinum and palladium have the biggest price dropping rates on the world markets.
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