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Gold price increases in Georgia

Georgia Materials 5 September 2012 09:28 (UTC +04:00)
In recent days, the price of gold has shown a tendency to grow on the Georgian markets, Radio Kommersant said on Tuesday.
Gold price increases in Georgia

Georgia, Tbilisi, Sept 4 /Trend N.Kirtzkhalia/

In recent days, the price of gold has shown a tendency to grow on the Georgian markets, Radio Kommersant said on Tuesday.

The price of gram of platinum increased from 82 to 96 lari ($1 = 1.65 lari) at one of the largest shopping centres in Tbilisi, the Gold Exchange. However the stock market noted that in spite of this, the demand for gold jewellery is still high.

The representative of the sole Georgian gold producer Zaraphana confirmed that the rise in the price of gold began after August 10, but amounted to $1-2 and accordingly, Zaraphana did not change the price of their products.

According to the company's financial director, the price of gold shows a tendency of growth in the international markets in September as a rule and if the price rises to $55, it will affect the cost of production.

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