As an investor or someone interested in gold, knowing the latest prices in Armenia is key. Gold prices change often, due to global and local market shifts. Whether you want to buy, sell, or just keep an eye on your gold, knowing the current rates in Armenia is important.
The current gold price per gram in Armenia is դր34,000.49. This is a 0.67% increase from yesterday. The price is updated often and shows the spot price in Armenia as of December 3, 2024, at 7:20 AM UTC.
The gold market in Armenia sees prices change a lot during the day. This is because of many economic and world events. The price per ounce is դր1,057,557.88, and per kilo is դր34,001,226.05. Prices vary based on purity, like 24-karat, 23-karat, and more.
Key Takeaways
- The current gold price per gram in Armenia is դր34,000.49, representing a 0.67% increase or դր226.80 rise from the previous day.
- Gold prices in Armenia are updated live and reflect the current spot price as of December 3, 2024, at 7:20 AM UTC.
- The Armenian gold market is characterized by medium volatility, with prices fluctuating throughout the day.
- Gold is available in various purities, including 24-karat, 23-karat, 22-karat, 21-karat, and 18-karat, each with its own unique pricing.
- Investors and individuals can track the latest gold prices in Armenia to make informed decisions about their gold-related transactions.
Understanding Gold Market Dynamics in Armenia
Armenia is rich in minerals, including gold. This gold market is key to Armenia’s economy. Knowing how gold prices work in Armenia is important for those interested in trading gold.
Market Hours and Trading Sessions
Gold is traded all day, every day, except weekends. In Armenia, trading hours match the global market. This lets investors and buyers find the best gold trading Armenia deals.
Factors Affecting Armenian Gold Prices
- Supply and demand: The world’s gold supply and demand affect cost of gold Armenia. Changes in these can cause price swings.
- Macroeconomic conditions: Things like inflation and economic growth in Armenia and worldwide impact Armenian bullion prices.
- Geopolitical events: Events like wars can make people see gold as safer. This can change gold prices in Armenia.
Currency Impact on Gold Rates
The value of the Armenian dram (AMD) against the US dollar (USD) is very important. As of December 3, 2024, 1 USD is about 399.54 AMD. This greatly affects the cost of gold Armenia.
Today, the market is a bit shaky, with prices changing by 209.30 AMD. Knowing these market moves is key for those looking to trade gold in Armenia.
Price of Gold in Armenia: Latest Market Data
The gold market in Armenia is watched by many. Investors, jewelers, and people looking to buy gold keep an eye on prices. As of December 3, 2024, gold costs 34,000.49 Armenian dram (AMD) per gram. This is a 0.67% rise from yesterday.
Today, gold prices in Armenia have changed a lot. They went as high as 34,049.03 AMD and as low as 33,839.75 AMD. This shows how fast the Armenian gold market and precious metals can change. People can watch these gold rates Armenia to help with their buying or investing.
| Weight Unit | Gold Price (AMD) |
|---|---|
| 1 Ounce | 1,057,557.88 |
| 1 Kilogram | 34,001,226.05 |
| 1 Tola | 396,584.20 |
The table shows gold prices in Armenia for different weights. You can see prices for ounces, kilograms, and tolas. This helps you understand the value of your gold.
“The Armenian gold market is always changing. It offers both chances and challenges for those who invest or buy gold.”
Watching the gold rates Armenia helps you make smart choices. It keeps you updated in the precious metals world.
Gold Purity Standards and Pricing
Understanding gold investment Armenia means knowing about purity and price. Gold purity is in karats, with 24K being the purest. In Armenia, 24K gold costs 32,611,862.97 Armenian dram (AMD) per kilogram.
Different Karat Options
24K gold is the most wanted for its high purity. But, there are other karats in the Armenian gold market. These include:
- 22K gold (91.6% pure) – 29,902,368.85 AMD/kg
- 18K gold (75% pure) – 24,483,380.61 AMD/kg
- 14K gold (58.5% pure) – 19,097,036.88 AMD/kg
Lower karat gold is cheaper. This makes it good for everyday jewelry and other uses.
Price Variations by Purity Level
Gold prices in Armenia change with purity. For example, 21K gold (87.5% pure) costs 28,563,944.05 AMD/kg. 12K gold (50% pure) is 16,322,253.74 AMD/kg. These prices show the value of higher purity gold for gold investment Armenia.
“The purity of gold is a crucial factor in determining its value and pricing in the Armenian market. Investors and jewelry enthusiasts alike should familiarize themselves with the various karat options to make informed decisions when buying gold Armenia or selling gold Armenia.”
Weight Units and Conversions
In the Armenian gold market, knowing weight units is key. You’ll see grams, ounces, kilograms, and tolas often. For instance, 1 gram is about 0.03215 troy ounces.
Here are some examples of gold prices in Armenia:
- 5 grams of gold cost 170,002.43 AMD
- 10 grams of gold cost 340,004.86 AMD
- 100 grams of gold cost 3,400,048.58 AMD
In the gold rates Armenia market, you’ll also find baht, grain, and ratti. Knowing these precious metals Armenia units helps when buying or selling gold.
| Weight Unit | Price (AMD) |
|---|---|
| 1 gram | 32,644.51 |
| 5 grams | 163,222.55 |
| 10 grams | 326,445.10 |
| 100 grams | 3,264,451.00 |
| 1 kilogram | 32,644,510.00 |
Learning about Armenian gold market weight units helps you make better choices. This is true when buying, selling, or investing in gold in Armenia.
Armenian Gold Market Trading Insights
The Armenian gold market has seen a small rise, up 0.7% in 24 hours. It has had ups and downs, like a 3% drop and a 1.9% jump in recent weeks. Knowing about supply and demand is key to understanding Armenian bullion prices and gold trading.
Market Trends and Analysis
The gold investment Armenia market has seen both highs and lows. These changes reflect the wider economy. Experts watch these market trends and analysis to spot investment opportunities and guide clients.
Supply and Demand Dynamics
The supply and demand dynamics are vital in gold trading Armenia. Global economic conditions, world tensions, and central bank actions affect Armenian bullion prices and the gold investment Armenia scene.
Investment Opportunities
Investors in Armenia can find many investment opportunities in gold. This includes physical gold and gold-backed securities. Experts recommend putting 5-10% of your portfolio in commodities like gold. It can diversify and grow over time.
“Gold has long been a reliable hedge against inflation and economic uncertainty, making it a valuable asset for investors in Armenia to consider.”
Conclusion
The Armenian gold market is full of life and change. Prices move based on what’s happening worldwide and locally. Right now, 24K gold is selling for 34,000.49 AMD per gram.
To invest wisely, keep up with the latest market news. Know about gold purity and how to measure its weight. This knowledge helps you make smart choices.
Gold mining is big in Armenia’s economy. It helps with exports and the country’s growth. The government is working to make mining better and safer.
Watching the Armenian gold market closely can help you find good investment chances. This way, you can plan your money moves better.
Always talk to experts before big investments in the Armenian gold market or anywhere else. They can guide you through the market’s tricky parts. This helps you make choices that fit your money goals.
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