ArmInfo. Similar rates of platinum drop in prices (by 2.5%) and palladium up (by 2.7%) this week have practically not influenced the dynamics of precious stones prices. The Armenian State Depository for Precious Metals and Precious Stones told ArmInfo that the prices of precious stones in January 25-31 have increased only by 0.3%.
According to the source, the following prices have been fixed for the precious stones: the price of gold in Armenia (small gold bullions) is fixed at 17029,04 AMD (0.1% weekly growth), silver in Armenia costs 218.43 AMD, (0.8% decline over week). Within the period under review, platinum costs 12825,06 AMD, dropping in price by 2.5% over week, and palladium-7720, 22 AMD, rising in price by 2.7% over week.
Since the beginning of 2016 precious stones dropped in prices by 3.7%, mainly due to drop of palladium and platinum prices by 10.5% and 5.2% respectively, amid gold prices increase only by 2.3%.
According to data of international stock exchange, as of January 29, 2016, 12:23 am, the spot price of gold insignificantly increased by 0.01% to1112,9 USD, silver prices by 0.07% to 14.32 USD without any change in platinum and palladium prices- 868 USD and 497 USD respectively.
According to Reuters survey, average annual price of gold in 2016 is estimated by the analysts at 1118 USD for 1 ounce, in 2017 at 1209 USD. Annual average price of silver is expected at 14.80 USD in 2016, in 2017 at 15.90 USD. Instability of financial and political systems in the world will influence the growth of prices.