Gold purchasing price in Armenia drops by 2 percent

YEREVAN, October 21 / 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 new prices are for one gram of chemically pure metals.

The gold is to be bought at 15,513.03 drams, a 234.93 drams decline from the previous week and sold at 16,862.03 drams (-255.36); silver is to be bought at 257.31 drams (-7.41) and sold at 279.68 drams (-8,06); platinum is to be bought at 16,799.60 drams (+49,04) and sold at 18,260.43 drams (+53,3); palladium is to be bought at 8,624.19 drams (+100,59) and sold at 9,374.12 drams (+109.34). ($1 – 406.11 drams). -0-

spot_img

POPULAR

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.

Armenia’s international reserves reached a record $6.19 billion in July 2026

Armenia's gross international reserves at the end of July 2026 amounted to $6,188.6 million, compared to $5,896.2 million at the end of June, according to a Central Bank report.

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (August 17–23)

Key developments in Armenia's financial market this week included new banking compliance requirements, measures against account fraud, and decisions related to capital market development.

Record growth of Armenia’s reserves to $6.9 billion in June provided a buffer amid heightened geopolitical risks – S&P

Armenia's international reserves increased by approximately 40% year-on-year to a record $6.9 billion in June 2026, helping to strengthen the country's external reserves despite heightened geopolitical risks, according to a report by international rating agency S&P Global Ratings.

Armenia’s bank rates are responding slowly to the Central Bank’s rate cut, regulator 

Interest rates in Armenia's banking system are adjusting slowly, despite the reduction in the monetary policy rate and short-term market rates.

LATEST NEWS

spot_imgspot_imgspot_img