Prices of precious metals in Armenia resume growth

ArmInfo. Prices on precious metals in Armenia have resumed growth by 0.5% this week versus 1.1% decline in previous week.  Prices of all the precious metals registered growth except palladium, the price of which keeps declining for the fourth week in a row.

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 October 31-November 6:  gold (small bars) - 19398.63 AMD per 1g (0.5% growth after previous week's 0.2% decline), silver - 269.69 AMD  (0.5% growth versus the previous week's 0.1% decline), platinum - 14649.98 AMD  (2.4% growth versus previous week's 1.6% decline), and palladium  - 9568.59 AMD  (1.5% decline versus 2.8% decline during the  previous  week).

Since the beginning of the year precious metals have grown in prices by 14.5% in average, particularly gold prices grew by 16.5%, silver by 22.2%, platinum by 8.3% and palladium by 10.9%.

By the data of international stock markets, as of November 4, 2016, 6:21 pm Moscow time, the spot price of 1 troy ounce of gold made up  $1304 (0.04% growth versus November 3), silver - $18.48 (0.05% growth versus November 3), platinum - $1004 (0.1% growth versus November 3), and palladium - $632 (no changes versus November 3).