Gold buying price up 0.3% in Armenia

YEREVAN, October 4. /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 were effective from September 26 to October 4.

The new prices are for one gram of chemically pure metals.

Gold was  to be bought at 18,553.89 drams (up 0.3% or by 52.45 drams from the previous period) and sold at 20,167.27 drams (up 0.3% or by 339.98 drams); silver was  to be bought at 272.64 drams (up 6.78 drams) and sold at 296.35 drams (up 7.37 drams); platinum was to be bought at 14,542.59 (up 11.66 drams) and sold at 15,807.16 drams (up 12.67 drams); palladium was  to be bought at 9,629.73 drams (up 416.06) and sold at 10,467.10 drams (up 452.24 drams) ($1- 474.34 drams).  –0—-

spot_img

POPULAR

Central Bank of Armenia estimated “unexpected losses of banks” under a three-year stress scenario at 185 billion drams

Unexpected losses of the Armenian banking system on the horizon of three-year stress testing at the Central Bank are estimated at about 2% of risk-weighted assets, or about 185 billion drams, said Martin Galstyan, Chairman of the Central Bank of Armenia, presenting the financial stability report for 2025.

Dram-pegged stablecoins will significantly reduce cross-border payment costs – Galstyan

Stablecoins pegged to the Armenian dram will allow the population to make domestic payments and significantly reduce cross-border payment costs, stated Martin Galstyan, head of the Central Bank of Armenia, in response to a question from ARKA news agency.

In Armenia, 82% of the country’s financial system assets are accounted for by the banking system – Central Bank

The assets of Armenia's banking system continue to dominate the country's financial system, accounting for approximately 82% of total assets, or approximately 12 trillion drams, said Martin Galstyan, Chairman of the Central Bank.

Central Bank of Armenia is concerned about the outpacing growth of lending and urges banks to exercise caution

The Central Bank of Armenia considers it important for commercial banks to exercise caution when providing new loans amid the outpacing growth of lending compared to revenues, stated Central Bank Chairman Martin Galstyan.

An unforgettable day instead of toys: June 1st guide from Idram&IDBank

June 1st, International Children’s Day, is approaching – a perfect occasion to remind everyone about the importance of children’s rights and their well-being.

LATEST NEWS

spot_imgspot_imgspot_img