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Rise in costs for precious metals observed

Belarusian Ministry of Finance announces price hike for precious metals in production and purchases from public.

Precious metal costs ascend
Precious metal costs ascend

Rise in costs for precious metals observed

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In a recent development, the Ministry of Finance of Belarus has announced new purchase prices for precious metals, including gold, silver, platinum, and palladium. The announcement comes in the form of Decree No. 61, dated August 4.

The new prices for gold, per 1 gram of precious metal, are as follows: - 750 purity: 2.51 rubles (+12 kopecks) - 800 purity: 2.68 rubles (+14 kopecks) - 875 purity: 2.93 rubles (+15 kopecks) - 916 purity: 3.07 rubles (+16 kopecks) - 925 purity: 3.1 rubles (+16 kopecks) - 960 purity: 3.22 rubles (+17 kopecks)

However, it's important to note that these new prices do not apply to the purchase and sale of precious metals in the form of standard ingots and coins by banks and non-bank credit and financial organizations.

The price for 950 purity platinum has been set at 117.44 rubles per gram, which is 24.01 rubles more than before the increase.

The Ministry has also set prices for precious metals in the form of dental appliances.

Regarding the new prices for silver, they have not been explicitly stated in the announcement.

The new prices have been published on the National Legal Internet Portal, as previously mentioned. It's worth noting that the prices for precious metals purchased from the public were last adjusted in Belarus in February 2025.

For those seeking the official new prices for precious metals in Belarus after the August 4 decree, it is recommended to consult Belarusian government or official trade sources directly, such as the Ministry of Antimonopoly Regulation and Trade of Belarus or their official legal publications. As this type of pricing update is typically announced through official channels.

Unfortunately, the search results do not provide any publicly available details about the new prices for precious metals in jewelry and scrap in Belarus following the August 4 decree. The provided results do not include Belarusian legislation or updated precious metals prices in Belarus after that date or decree.

In conclusion, the Ministry of Finance of Belarus has announced new purchase prices for various precious metals, excluding silver, with the new prices for gold, platinum, and palladium now available. For the latest information on the new prices for silver and precious metals in jewelry and scrap, it is recommended to consult official Belarusian sources.

The Ministry of Finance's announcement affects the pricing of precious metals within the Belarusian industry, particularly finance-related sectors such as banks and non-bank credit and financial organizations. However, the new prices for silver remain unspecified in the recent decree.

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