State Revenue Committee for  Precious Metals increased metal prices for 1.1%

ArmInfo. This week prices for metals spead up  from 1.1% to 0.9% a week earlier. Moreover, in the reporting period, all precious metals held in an uptrend.

As the State Revenue Committee of the Ministry of Finance of Armenia told ArmInfo, from April 10 to 16, 2017 the following selling prices for metals were established: gold gram (measured ingots) -19569,33 AMD (slackening of weekly growth from0,7% to 0,6%), silver- 284,83 AMD (slackening  of the weekly growth from 3.3% to 1.6%), platinum - 14899,93 AMD (change of weekly dynamics from 0.7% growth to 0.4% decline) and palladium - 12557.75 AMD (dynamic of weekly growth from 0.3% to 1.7%).

According to international exchanges data on April 14, 2017, 00:59 , the spot price of troy ounce of gold was $ 1288.1 ,silver - $ 18.62 (daily decline by 0.05%), platinum - $ 977 (without diurnal changes), and palladium - $799 (without diurnal changes).

What is to silver market in 2017, the majority of experts have the same opinion on this issue,stating that silver prices will increase next year because of all the necessary preconditions existing.

In 2017, according to Norilsk Nickel analyst, deficit increase in palladium market is expected from 310 thousand ounces in  previous year to 1.05 mln ounces. The main factor will be increasing of industrial market uptake.

In opposite to that, the platinum market  in 2017 will turn to proficit state after 5 year deficit. In 2016 deficit was 470 thousand ounces, in 2017 will be proficit of 130 thousand ounces(over 1% annual global use).