Wednesday, January 24 2018 20:15
Alina Hovhannisyan

State Treasury increased prices for precious metals by 1.1%

State Treasury increased prices for precious metals by 1.1%

ArmInfo. Prices for precious metals increased by 1.1% this week, against 0.7% growth in the previous week, which was due to accelerated growth in prices for gold, platinum and palladium, as well as a change in the trend of silver from the descending to the ascending trend.

As reported to ArmInfo agency in the Agency of "Gokhran precious metals and stones" of the RA Ministry of Finance, from January 22 to 28, 2018 the following selling prices for precious metals were established:  gold gram (measured bars) - 20695.36 AMD (acceleration of weekly growth from 0.4% up to 0.8%), silver - 266.04 AMD (change of weekly dynamics from 0.1% decline to 0.04% growth), platinum - 15 509.47 AMD (acceleration of weekly growth from 2.3% % to 2.4%), and palladium - 17225.25 AMD (acceleration of weekly growth from 0.2% to 1.3%).

According to international exchanges, January 24, 2017 at 16: 07msc, the spot price of the troy ounce of gold was $ 1353.5 (daily decline by 0, 01%), silver - $ 17.43 (without diurnal changes), platinum - $ 1020 (daily decline of 0, 2%) and palladium - $ 1099 (daily decline by 0.09%).

Precious metals markets today show significant growth rates due to the sharp weakening of the US dollar, whose rate fell to a 4-year low, in anticipation of the gradual winding down by the largest central banks of an enabling monetary policy. In addition, the probability of raising the interest rate of the US Federal Reserve in the course of the March meeting increased.

Due to low volatility and increased risk in all other classes of assets, it is expected that in 2018 preference will be given to precious metals. In this case, gold will win from silver, as it has a stronger insurance function. Precious metals with a large share of industrial applications may suffer from protectionism.

Gold prices almost reached a strong resistance level of $ 1,350 per troy ounce, after which they dropped to $ 1349. When the market moves upwards to $ 1350, the probability of price growth to the level of $ 1,400 will increase. The nearest levels of support in gold are $ 1340-1332, resistance levels - $ 1352-1396.

Prices for silver in correlation with the gold market declined to $ 16.77 per ounce, after which they rose to $ 17.22. The ratio of gold to silver is 78.68 points. It is expected that this ratio will be narrowed due to the acceleration of the rate of increase in prices for silver. The ratio of platinum to silver is 58.77 points. The nearest support levels in silver are $ 17.06-16.77, resistance levels are $ 17.25-17.50.

Prices for platinum in correlation with the gold market recovered again to the level of $ 1,020 per ounce, after which they were slightly corrected downwards. The spread between gold and platinum is $ 335/ounce.  The spread between platinum and palladium narrowed to - $ 86/ounce. The nearest support levels in platinum are $ 1010-993, resistance levels are $ 1025-1032.

Prices for palladium after the decline to $ 1082 per ounce again rose to $ 1098. The growing trend is showing more signs of scrapping. The nearest support levels in palladium are $ 1082-1060, resistance levels are $ 1100-1120.

Stocks in gold ETF-funds have grown, stocks in ETF-funds of other precious metals have significantly decreased.

POST A COMMENT
Input digits     


News
A comprehensive social services center opened in the Shengavit  administrative district of Yerevan with the support of the World BankA comprehensive social services center opened in the Shengavit  administrative district of Yerevan with the support of the World Bank
Minister: There is a positive trend in the country`s water resources  managementMinister: There is a positive trend in the country`s water resources  management
Armenia continues to work on developing a strategy for the SMEs  development Armenia continues to work on developing a strategy for the SMEs  development 
Deputy Minister: 2019 will be the last year of attracting credit  funds for budget assistanceDeputy Minister: 2019 will be the last year of attracting credit  funds for budget assistance
Deputy Minister of Economy of Armenia participated in the Second  World Eco-Design Conference in Guangzhou, ChinaDeputy Minister of Economy of Armenia participated in the Second  World Eco-Design Conference in Guangzhou, China
Deputy Minister: As of October 10, the Armenian government placed 272  billion drams in the Central Bank of the countryDeputy Minister: As of October 10, the Armenian government placed 272  billion drams in the Central Bank of the country
Lydian Armenia paid over 930 000 USD to local communitiesLydian Armenia paid over 930 000 USD to local communities
Pashinyan: The framework of cooperation with the WB is completely  consistent with the priorities of the Armenian governmentPashinyan: The framework of cooperation with the WB is completely  consistent with the priorities of the Armenian government
By joint efforts, Armenia can be turned into a leading technological  hub - AvinyanBy joint efforts, Armenia can be turned into a leading technological  hub - Avinyan
Mher Grigoryan stated the need for cooperation with the WB in order  to develop the capital market in ArmeniaMher Grigoryan stated the need for cooperation with the WB in order  to develop the capital market in Armenia
Ardshinbank December 16 will begin the initial placement of dollar  bonds in the amount of $ 5 millionArdshinbank December 16 will begin the initial placement of dollar  bonds in the amount of $ 5 million
Armenian State Control Service revealed violations of 2 billion 103  million 988 drams at <Jrar> CJSCArmenian State Control Service revealed violations of 2 billion 103  million 988 drams at CJSC
SRC of Armenia: Starting January 1, 2020, the  cost of duty-free  import of goods will be reduced SRC of Armenia: Starting January 1, 2020, the cost of duty-free  import of goods will be reduced 
AmRating: Increasing toxicity of consumer loans will push banks to  not put all their eggs in one basketAmRating: Increasing toxicity of consumer loans will push banks to  not put all their eggs in one basket
ANPP scheduled stop scheduled for May 15ANPP scheduled stop scheduled for May 15
Vice Prime Minister: Armenia`s cooperation with ADB is complex and  multifacetedVice Prime Minister: Armenia`s cooperation with ADB is complex and  multifaceted
Too big to innovate?  The secrets to innovating at a big corporateToo big to innovate? The secrets to innovating at a big corporate
Central Bank of Armenia keeps refinancing rate at 5.5%Central Bank of Armenia keeps refinancing rate at 5.5%
Starting from the new year in Armenia there will be no concessions  for the non-issue of cash receiptsStarting from the new year in Armenia there will be no concessions  for the non-issue of cash receipts
Papikyan: Concern of our neighbors, calling into question the safety  of the ANPP, is groundlessPapikyan: Concern of our neighbors, calling into question the safety  of the ANPP, is groundless
Armenian Prime Minister calls on heads of state departments to  observe budgetary disciplineArmenian Prime Minister calls on heads of state departments to  observe budgetary discipline
Minister: Iran-Armenia 400-kilovolt power transmission line to be  completed before the end of the yearMinister: Iran-Armenia 400-kilovolt power transmission line to be  completed before the end of the year
Over a year and a half in Armenia, more than 80 thousand new jobs  were created or removed from the shadow - Prime MinisterOver a year and a half in Armenia, more than 80 thousand new jobs  were created or removed from the shadow - Prime Minister
Armenian Finance Minister and IMF Head of Armenian Mission touch on  prospects for expanding cooperationArmenian Finance Minister and IMF Head of Armenian Mission touch on  prospects for expanding cooperation
Beeline and Startup Armenia Foundation Launch ‘Startup Club’ Initiative (video)Beeline and Startup Armenia Foundation Launch ‘Startup Club’ Initiative (video)
Pashinyan: Over a year and a half, the Armenian government returned  to business working capital in the amount of $ 377mln Pashinyan: Over a year and a half, the Armenian government returned  to business working capital in the amount of $ 377mln 
Forecast: Armenia may face electricity isolationForecast: Armenia may face electricity isolation
Famous PAUL French cafe chain will be presented in ArmeniaFamous PAUL French cafe chain will be presented in Armenia
Armenia`s Parliament ratified the protocol on the exchange of  information between the customs structures of the EAEU countries and  VietnamArmenia`s Parliament ratified the protocol on the exchange of  information between the customs structures of the EAEU countries and  Vietnam
Prospects for the construction of a smelter discussed in ArmeniaProspects for the construction of a smelter discussed in Armenia


Exchange rates
10.12.2019
RUB7.520.03
USD478.020.05
EUR529.500.63
GBP628.980.07
CAD361.040.66
JPY44.02-0.03
CNY67.900.01
CHF484.661.91


Experts
Analysts Opinion on Central Bank Report Analysts Opinion on Central Bank Report 
Mining Industry as a Fanciful Game of Cats-and-MiceMining Industry as a Fanciful Game of Cats-and-Mice
Tigran Khachatryan: Attracting several transnational investors to  Armenia will allow the country to start playing for high stakesTigran Khachatryan: Attracting several transnational investors to  Armenia will allow the country to start playing for high stakes
During the first 5 years, the agricultural insurance market in Armenia will operate at a lossDuring the first 5 years, the agricultural insurance market in Armenia will operate at a loss
Artak Kamalyan: Education is the key to success. Everything else is of secondary importanceArtak Kamalyan: Education is the key to success. Everything else is of secondary importance
Head of PSRC: Whatever the agreement, the domestic tariff is  dependent on the price at the borderHead of PSRC: Whatever the agreement, the domestic tariff is  dependent on the price at the border
IMF: Armenia needs to achieve sustainable inclusive growthIMF: Armenia needs to achieve sustainable inclusive growth
Artur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at allArtur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at all
HSBC Bank Armenia digitalizes cooperation with retail clients HSBC Bank Armenia digitalizes cooperation with retail clients 
AmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking systemAmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking system
Yulia Ustyugova: Armenia can get access to IMF “insurance line”Yulia Ustyugova: Armenia can get access to IMF “insurance line”
Armand Arton: The question whether citizenship should be granted in  return for investments is rather rhetoricalArmand Arton: The question whether citizenship should be granted in  return for investments is rather rhetorical
Former head of the Ministry of Finance: <Confrontation> with Lydian may cost much to ArmeniaFormer head of the Ministry of Finance: with Lydian may cost much to Armenia
Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDPVardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP
HSBC Bank Armenia increases efficiency and focuses on digital servicesHSBC Bank Armenia increases efficiency and focuses on digital services
Bulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactoryBulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactory
Expert: Recruitment market in Armenia from the point of view of  supply and demand is sleepingExpert: Recruitment market in Armenia from the point of view of  supply and demand is sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limitedExpert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in ArmeniaAssociation of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not changePailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not change

Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

Commented
Mining Industry as a Fanciful Game of Cats-and-MiceMining Industry as a Fanciful Game of Cats-and-Mice
Russian processing company Russian processing company "MultiCarta" discussed cooperation  opportunities with Yerevan Municipality in the transport sector
$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan
The AGBU Women Entrepreneurs Program Launched in Artsakh: FRUITFUL  ARMENIA Foundation is the partnerThe AGBU Women Entrepreneurs Program Launched in Artsakh: FRUITFUL  ARMENIA Foundation is the partner
Forecast: Armenia has good prospects for expanding its presence in  the Polish marketForecast: Armenia has good prospects for expanding its presence in  the Polish market
Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7
Concessionaire of Zvartnots International Airport promises to become  one of the best operators in the worldConcessionaire of Zvartnots International Airport promises to become  one of the best operators in the world
Arthur Javadyan: Central banks are not responsible for economic  growthArthur Javadyan: Central banks are not responsible for economic  growth
Forecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategyForecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategy
ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019
From January 1, 2020, the cost of customs clearance of cars from  non-EEU countries in Armenia will increase by at least 4-5 fold:  whether the market for used cars is going upFrom January 1, 2020, the cost of customs clearance of cars from  non-EEU countries in Armenia will increase by at least 4-5 fold:  whether the market for used cars is going up
Overdue loans accelerate growth in banking system of ArmeniaOverdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in ArmeniaRA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in Armenia
Converse Bank offers online loans at a low effective interest rateConverse Bank offers online loans at a low effective interest rate
Renco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in ArmeniaRenco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in Armenia
T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle  signed in YerevanAgreement on construction of a new unit with combined gas cycle  signed in Yerevan
Veolia Jur: Regulatory charges are false and unfoundedVeolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoffArmenian Prime Minister: We are gaining momentum for economic takeoff
Through the mobile banking application of Ardshinbank you can get a  loan in seconds.Through the mobile banking application of Ardshinbank you can get a  loan in seconds.
By the end of 2018, By the end of 2018, "Galburdjian Group" will launch the production of  sesame oil in Armenia
Expert: Armenia has a problem with effective use of water resources,  rather than small hydropower stationsExpert: Armenia has a problem with effective use of water resources,  rather than small hydropower stations
Investment forum Investment forum "Energy Week 2018" to be held in Armenia