PRICES OF PRECIOUS METALS RISE

Noyan Tapan
March 13, 2008

YEREVAN, MARCH 13, NOYAN TAPAN. The prices of precious metals fixed
by the agency "State Treasury of Precious Metals and Stones" of the
RA ministry of finance and economy for March 10-16 are higher than
the prices for March 3-9.

According to information on the ministry’s website, the purchase
price of a 1-gram ingot of chemically pure gold in line with the state
standard was fixed at 8,939.63 drams (about 28.9 USD), the sale price –
at 9,716.99 drams for March 10-16 – against 8,679.63 drams (2.99551%
growth) and 9,434.38 drams (2.99553% growth) respectively last week.

The purchase price of 1 gram of silver was fixed at 184.36 drams, the
sale price – at 200.39 drams for March 10-16 – against 171.89 drams
(7.25463% growth) and 186.84 drams (7.25219% growth) respectively
last week.

The purchase price of 1 gram of platinum was fixed at 20,106.36 drams,
the sale price – at 21,854.74 drams this week – against 19,451.99 drams
(3.36402% growth) and 21,143.47 drams (3.36401% growth) last week.

The purchase price of 1 gram of palladium was established at 5,033.69
drams, the sale price – at 5,471.4 drams this week – against 4,935.92
drams (1.98553% growth) and 5,365.13 drams (1.98075% growth) last week.