ArmInfo. After a long rally down, fixed for 5 weeks, precious metals in Armenia reached an upward trend, rising by 2% against the 0.8% decline a week earlier. And, gold, silver and platinum rose in price, replacing the negative vector with a positive one, while palladium kept the pace of weekly growth.
The following selling prices for precious metals were established from 24 to 30 July 2017: gold gram (measured bars) - 19080.98 AMD (change of weekly dynamics from 0.7% Decline in the 1.8% growth), silver - 248.99 AMD (change of weekly dynamics from 2.8% decline to 3.4% growth), platinum - 14230.53 AMD (weekly change dynamics from a 0.4% decline to a 2% growth), and palladium - 13220.22 AMD (maintaining a weekly growth rate of 0.9%).
According to international exchanges, July 26, 2017 at 18: 46 Moscow time, the spot price of a troy ounce of gold was $ 1248.7 (daily decline of 0.02%), silver - $ 16.53 (without diurnal changes), platinum - $ 921 (without daily changes) and palladium - $ 871 (daily growth of 0.06%). Today, gold, silver and platinum markets are slightly lower under the influence of the strengthening USD, palladium prices are growing in correlation with the US stock market.
Gold prices fell to $ 1243 per ounce, after which they rose to $ 1246. The nearest levels of support in gold are $ 1243- $ 1238, resistance levels - $ 1249- $ 1280.
Silver prices rose sharply yesterday to $ 16.62 per ounce under the influence of spread trades, after which they dropped to $ 16.28, but again rose to $ 16.40. The ratio of gold to silver is 75.70 points. The ratio of platinum to silver is 55.99 points. The nearest support levels in silver are $ 16.22- $ 16.10, resistance levels are $ 16.45- $ 17.0.
Prices for platinum fell to a level of $ 921 per ounce in correlation with the gold market, after which they grew to the level of $ 924. The spread between gold and platinum is $ 325/ounce. The spread between platinum and palladium is $ 66.5/ounce. The nearest support levels in platinum are $ 920- $ 900, resistance levels are $ 930- $ 950.
Prices for palladium rose to $ 864 per ounce yesterday, after which they fell to the level of $ 850 from which the growth to the level of $ 859.9. The nearest support levels in palladium are $ 850- $ 834, resistance levels are $ 864- $ 871. Stocks in gold, silver and palladium ETFs slightly decreased, stocks in platinum funds did not change.