Gold buying price hikes 3.5% to 15,875.56 drams in Armenia

YEREVAN, December 10. /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 buying price this week is set at 15,875.56 drams. It is higher than the previous year’s indicator by 3.5% or by 550.17 drams.

The gold selling price is set at 17,256.05 drams (- 3.5% or 598.02 drams).

The prices are for one gram of chemically pure metals.

Silver is to be bought at 214.26 drams (+ 3.99 drams) and sold at 232.89 drams (+ 4.34 drams); platinum is to be bought at 16,205.19 drams (+588.53 drams) and sold at 17,614.33 drams (+639.7 drams); palladium is to be bought at 10,634.53 drams (+ 388.34 drams) and sold at 11,559.27 drams (+ 422.11 drams). ($1=455.08 drams). –0–

spot_img

POPULAR

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.

Central Bank of Armenia has identified the reasons for the acceleration of inflation to 5.1% in June

External price pressure, rising local food prices, and a slight expansion of domestic demand contributed to the acceleration of annual inflation in Armenia from 3.9% in June 2025 to 5.1% in June 2026.

Armenian banks will provide citizens with account statements free of charge

Individuals in Armenia will be able to receive free electronic statements from commercial banks about their bank accounts, their balances, and the presence or absence of mutual obligations with the bank.

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