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Weekly review of Azerbaijan's precious metals market

Economy Materials 2 December 2023 12:41 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 2. The price of an ounce of gold in Azerbaijan has increased by 45.9425 manat, or $27.02 (1.34 percent), this week, Trend reports.

The average price of one ounce of gold increased by 67.7178 manat, or $39.83 (2 percent), and amounted to 3,454.9100 manat ($2,032.30) compared to last week.

Change in price of one ounce of gold

November 20

3,367.9805
($1,981.1)

November 27

3,423.0605 ($2,013.56)

November 21

3,387.8110
($1,992.8)

November 28

3,426.7155 ($2,015.71)

November 22

3,399.2435
($1,999.5)

November 29

3,480.2570 ($2,047.21)

November 23

3,390.8200
($2,298.9)

November 30

3,475.5140 ($2,044.42)

November 24

3,390.1060
($1,994.1)

December 1

3,469.0030 ($2,040.59)

Average weekly

3,387.1922
($1,992.4)

Average weekly

3,454.9100 ($2,032.30)

The price of an ounce of silver in Azerbaijan has increased by 1,0696 manat, or $0.015 (2.55 percent) this week. The average price of an ounce of silver totaled 42.3781 manat ($24.93), which is 4.97 percent, or 2.0055 manat ($1.18) more compared to last week.

Change in price of one ounce of silver

November 20

40.3198 ($23.72)

November 27

41.9373 ($24.67)

November 21

40.4566 ($23.80)

November 28

41.8604 ($24.62)

November 22

40.4971 ($23.82)

November 29

42.6100 ($25.06)

November 23

40.2438 ($23.67)

November 30

42.4758 ($24.99)

November 24

40.3457 ($23.73)

December 1

43.0069 ($25.30)

Average weekly

40,3726 ($23.75)

Average weekly

42.3781 ($24.93)

The price of an ounce of platinum in Azerbaijan decreased by 1.4535 manat ($0.85), or 0.09 percent this week. The weighted average cost of an ounce of platinum increased by 16.0701 manat or $9.45 (1.02 percent) to 1,586.2037 manat ($933.06) compared to last week.

Change in price of one ounce of platinum

November 20

1,540.5400 ($906,20)

November 27

1,586.5760 ($933.28)

November 21

1,573.8940 ($925,82)

November 28

1,564.6545 ($920.38)

November 22

1,593.3930 ($937,29)

November 29

1,603.8820 ($943.46)

November 23

1,577.6935 ($928,05)

November 30

1,590.7835 ($935.75)

November 24

1,565.1475 ($920,67)

December 1

1,585.1225 ($932.42)

Average weekly

1,570.1336 ($923,61)

Average weekly

1,586.2037 ($933.06)

During the week, the price of an ounce of palladium in Azerbaijan fell by 98.6 manat ($58), or 5.4 percent. The weighted average cost of an ounce of palladium decreased by 1.65 percent, or 29.9523 manat ($17.62) compared to last week, amounting to 1,781.4521 manat ($1,047.91).

Change in price of one ounce of palladium

November 20

1,805.0175 ($1,061.77)

November 27

1,826.0805 ($1,074.16)

November 21

1,831.8180 ($1,077.54)

November 28

1,809.4290 ($1,064.37)

November 22

1,823.1735 ($1,072.45)

November 29

1,800.5720 ($1,059.16)

November 23

1,805.1280 ($1,061.84)

November 30

1,743.6985 ($1,025.70)

November 24

1,791.8850 ($1,054.05)

December 1

1,727.4805 ($1,016.16)

Average weekly

1,811.4044 ($1,065.53)

Average weekly

1,781.4521 ($1,047.91)

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