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

“Unisport” Competes in the UEFA Futsal Champions League

Unisport Futsal Club, established with the sponsorship of Unibank, will host UEFA Futsal Champions League 2026/27 preliminary round matches in Yerevan on August 26, 27 and 29.

Armenian dram strengthened against the dollar and the ruble, but weakened against the euro: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of August 28, 2026, fell by 0.15 points to 364.32 drams compared to August 27.

The investment portfolio of Armenian banks in the second quarter amounted to 1.93 trillion drams, a decline of 9.5% year-to-date

The total investment portfolio of commercial banks in Armenia at the end of June 2026 amounted to 1,933,341,220 thousand drams, a decrease of 202.38 billion drams, or 9.48%, year-to-date.

Armenia’s public debt will remain stable at just above 40% in the medium term – S&P

Armenia's public debt (excluding liquid assets) will remain broadly stable at just above 40% of GDP in the medium term, according to a report from the international rating agency S&P Global Ratings.

S&P: Armenia’s banking sector is well capitalized and highly profitable

Armenia's banking sector remains well capitalized and highly profitable, supported by high net interest income and robust economic growth, according to a report from international rating agency S&P Global Ratings.

LATEST NEWS

spot_imgspot_imgspot_img