Precious metal prices in Armenia demonstrate downward dynamics for 3rd week in a row
ArmInfo. For the third week in a row, the precious metal prices demonstrate downward dynamics accelerating drop from 2.1% in pervious week to 4% in current week.
The drop is caused mainly due to the palladium prices that sharply fell by 6.1% (versus the previous 3.3% decline) amid a moderate decline in the prices of other precious metals.
The State Depository of Precious Metals and Precious Stones of the Armenian Ministry of Finance has told ArmInfo that the following selling prices were set for precious metals for May 30-June 5: gold (small bullions) - 18902.56AMD per 1g (down 2.8% from previous 0.7%),
silver - 250.38 AMD (down to 3.6% from previous 2.2%), platinum - 15376.25 AMD (down 3.3% from previous 2.2%) and palladium - 8328.40 AMD (down 6.1% from previous 3.3%).