The State Duma predicted the dynamics of prices for gold and other precious metals

State Duma deputy, member of the Committee on small and medium-sized enterprises Alexey Govyrin (United Russia faction) told Izvestia on April 27 about the possible dynamics of prices for gold, silver, platinum and palladium this week.

"Gold will trade in the range of about $4,650-4,850 per ounce in the coming days. Silver may be in the range of $73-80, platinum — $1,980-2 080, palladium — $ 1,450-1 550 per ounce," the parliamentarian said.

Govyrin noted that gold retains fundamental support due to high demand from central banks and continued distrust of dollar assets. At the same time, rising oil prices may exert short-term pressure on the metal, reinforcing inflationary expectations and supporting tight monetary policy. In conditions of high interest rates, interest in gold, which does not generate interest income, has traditionally been declining.

That's the way to sell it: Russians will simplify the sale of gold bars

Why an investment in metal can become worthless and how to avoid it

Silver, according to the MP, may become the most volatile asset among precious metals, as it combines investment and industrial properties. Its dynamics will depend on expectations for the policy of the US Federal Reserve System and the dollar exchange rate: with policy easing, faster growth is possible than for gold, but the opposite scenario also remains.

Platinum, as Govrin noted, looks more stable compared to palladium due to a structural deficit and limited opportunities for a rapid increase in production. Palladium, in turn, remains the most vulnerable due to its high dependence on the automotive industry and logistical factors.

Separately, the deputy stressed the importance of the currency factor for Russian investors. According to him, the key rate of the Bank of Russia since April 27 is 14.5%, the dollar is at about 75.5 rubles, the euro is about 88.3 rubles. When the ruble strengthens, the growth of the ruble value of metals slows down, whereas when the national currency weakens, it accelerates.

On April 24, the press service of the Central Bank of the Russian Federation reported that the members of the board of directors decided to reduce the key rate by 50 basis points to 14.5% per annum. The statement noted that the dynamics of domestic demand has now approached the opportunities for a potential expansion of the supply of goods and services, while the indicators of steady price growth have remained in the range of 4-5% in annual terms.