ArmInfo. Prices of precious metals in Armenia suffered a 1.1% decline after slackening growth rate from 3.1% to 2% in early August 17, 2016. The prices of all precious metals saw downward trend, with silver suffering the steepest decline.
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 August 15-21: gold (small bullions) - 20557,55 AMD per 1g (0.9% decline versus the previous week's 2,1% growth), silver - 305.72 AMD (3.3% decline versus 3.1% growth the previous week), platinum - 17771,64 AMD (0.1% decline versus 4.7 % growth previous week) and palladium - 10771.64 AMD (0.9% decline versus 2.7% growth previous week). Since the beginning of the year the prices on precious metals have grown by 29.4%, silver registered the highest growth in prices-38.3%, followed by platinum-30.9%, palladium-24.8%, and gold - 23.5% .
By the data of the international stock markets as of August 16, 2016, 4:37pm Moscow time, the spot price of 1 troy ounce of gold made up $1,341.7 (down 0.06% versus August 15), silver - $19.75 (0.1% decline versus August 15), platinum - $1,148 (no changes versus August 15),
and palladium - $695 (0.29% decline versus August 15). Precious metal markets see high growth rates these days, as U.S. dollar rate depreciates. Reserves of gold and palladium ETFs have decreased, while reserves of silver and platinum ETFs were left unchanged.