Prices for buying gold dropped by 17.9% to 16, 345.92 drams over 6 months

YEREVAN, July 18./ARKA/. The State Depository of Precious Stones and Metals Agency, an affiliation of Armenian Finance Ministry, has set new prices for government agencies to buy and sell precious stones and metals which are effective for this week.

The gold is to be bought at 16,345.92 drams (-17.9% or 3584,58 drams from earlier this year) and sold at 17,767.3 drams (-49,81 drams);  Gold price per ounce dropped by 28% to $1192 in June, according to the World Gold Council. Prices for buying gold  this week rose by 0.76% or 115.63 drams to 15,268.40 as of 15 July, and to be sold at 16,596.09 (up by 125.69 drams). ($1 – 410.30 drams).  —0-

spot_img

POPULAR

EDB has identified three main drivers of economic growth in Armenia

The Eurasian Development Bank (EDB) has identified the services sector, construction, and industry as the main drivers of economic growth in Armenia in January–May 2026.

Stepan Gishyan Foundation’s grant competition results have been announced

The Stepan Gishyan Charitable Foundation has announced the results of its 2026 grant competition.

Armenia’s GDP growth forecast is around 5.4-5.6% in the medium term: Finance Minister

The Armenian government forecasts stable economic growth of 5.4-5.6% annually in the medium term, stated RA Finance Minister Vahe Hovhannisyan.

An additional 10 billion drams will be allocated for a cashback program for pensioners in Armenia

An additional 10 billion drams will be allocated from the 2026 state budget of Armenia for a cashback program for pensioners making non-cash payments.

Euro rose 2.09 points against the Armenian dram, while the dollar and ruble fell

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 26, 2026, fell 0.14 points compared to June 25, to 368.12 drams.

LATEST NEWS

spot_imgspot_imgspot_img