Silver price in Armenian Dram (AMD) — Armenia
Today, 999 fine silver costs about 798.03 AMD per gram in Armenia — roughly 24,822 AMD per troy ounce and 798,030 AMD per kilogram. Prices come from the global XAG/USD spot rate, converted into Armenian Dram at Armenia's parallel-market exchange rate.
How the silver price in AMD is calculated
Silver is quoted internationally in US dollars per troy ounce (XAG/USD). To express it in Armenian Dram, we convert the spot price to a per-gram figure, apply the purity factor, and convert to AMD at Armenia's parallel exchange rate — the rate at which dollars actually trade, rather than the lower official Central Bank of Armenia (CBA) rate.
Silver units and purities (gram, ounce, kilogram)
One troy ounce equals 31.1035 grams and one kilogram is 1,000 grams, so the per-ounce price is the per-gram price times 31.1035, and the per-kilo price is times 1,000. Purity is given in thousandths: 999 is fine (investment) silver, 925 is sterling, 900 and 800 are common in coins. A 925 piece is worth about 92.5% of the 999 price for the same weight.
Why silver prices follow the parallel market in Armenia
The Armenian dram floats and strengthened sharply after 2022 as money and migrants arrived; exchange offices quote rates very close to the official one. Like gold, silver is a dollar-priced store of value, so its AMD price climbs as the parallel rate weakens. Tracking silver in Armenian Dram gives a low-cost read on the same currency pressures that move gold and the street dollar.