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Weekly review of Azerbaijan's precious metals market

Economy Materials 20 May 2024 16:16 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 20. The weighted average cost of an ounce of gold rose by 68.66 manat, or $40.4 (1.74 percent) compared to the previous week's figure, amounting to 4,021 manat ($2,365), Trend reports.

Gold ounce value change

May 6

3,926 manat ($2,309)

May 13

4,002 manat ($2,354)

May 7

3,948 manat ($2,322)

May 14

3,985 manat ($2,344)

May 8

3,941 manat ($2,318)

May 15

4,007 manat ($2,357)

May 9

3,941 manat ($2,318)

May 16

4,066 manat ($2,392)

May 10

4,002 manat ($2,354)

May 17

4,044 manat ($2,379)

Weekly average

3,952 manat ($2,324)

Weekly average

4,021 manat ($2,365)

The weighted average cost of an ounce of silver amounted to 49.04 manat, or $28.8, which is 4.99 percent, or 2.33 manat ($1.37) more than the previous week's figure.

Silver ounce value change

May 6

45.7 manat ($26.9)

May 13

47.7 manat ($28.05)

May 7

46.48 manat ($27.34)

May 14

48.4 manat ($28.47)

May 8

46.53 manat ($27.37)

May 15

48.5 manat ($28.52)

May 9

46.53 manat ($27.37)

May 16

50.4 manat ($29.64)

May 10

48.3 manat ($28.4)

May 17

50.3 manat ($29.58)

Weekly average

46.7 manat ($27.4)

Weekly average

49.04 manat ($28.8)

The weighted average cost of an ounce of platinum increased by 112.16 manat, or $65.9 (6.79 percent), to 1,765 manat ($1,038) compared to last week's figure.

Platinum ounce value change

May 6

1,622 manat ($954.1)

May 13

1,695 manat ($997.05)

May 7

1,640 manat ($964.7)

May 14

1,702 manat ($1,001)

May 8

1,663 manat ($978.2)

May 15

1,796 manat ($1,056)

May 9

1,663 manat ($978.2)

May 16

1,882 manat ($1,107)

May 10

1,675 manat ($985.3)

May 17

1,809 manat ($1,064)

Weekly average

1,653 manat ($972.3)

Weekly average

1,765 manat ($1,038)

The weighted average cost of an ounce of palladium increased by 1.62 percent, or 26.77 manat ($15.7), compared to the indicator of the previous week, amounting to 1,679 manat ($987.6).

Palladium ounce value change

May 6

1,615 manat ($950)

May 13

1,668 manat ($981.1)

May 7

1,673 manat ($984.1)

May 14

1,646 manat ($968.2)

May 8

1,660 manat ($976.5)

May 15

1,691 manat ($994.7)

May 9

1,660 manat ($976.5)

May 16

1,723 manat ($1,013)

May 10

1,656 manat ($974.1)

May 17

1,669 manat ($981.7)

Weekly average

1,653 manat ($372.3)

Weekly average

1,679 manat ($987.6)

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