Gold prices rise as silver tumbles in Armenia

YEREVAN, May 8. /ARKA/. The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices to buy and sell precious stones and metals within May 7-13. The new prices are for one gram of chemically pure metals.

The gold is to be bought at 19117.91 drams (+33.15), and sold at 20780.34 drams (+36.04); silver is to be bought at 354.03 drams (-5.07) and sold at 384.81 drams (-5.52); platinum is to be bought at 18043.58 drams (-45.06), and sold at 19612.59 drams (-48.98); palladium is to be bought at 7790.64 drams (+31.14), and sold at 8468.09 drams (+33.85). ($1- 392.18 drams). -0-

spot_img

POPULAR

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

Armenian commercial banks paid 28.65 billion drams in various taxes in Q1

All 17 Armenia-based commercial banks are included in the list of the 1,000 largest taxpayers in the first quarter of 2026, having paid a total of 28.65 billion drams to the state budget, according to data released today by the State Revenue Committee.

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.

Armenia’s gross reserves rose to $5.5 billion in March, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased to $5.5 billion at the end of March, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

LATEST NEWS

spot_imgspot_imgspot_img