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Weekly review of Azerbaijan's precious metals market

Economy Materials 11 March 2024 10:31 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, March 11. The price of an ounce of gold in Azerbaijan jumped by 129.5 manat ($76.17), or 3.66 percent, last week, Trend reports.

The average price of one ounce of gold grew by 156.25 manat, or $91.9 (4.52 percent), from the previous week to 3,616 manat ($2,127).

Change in price of one ounce of gold

February 26

3,454.91 manat ($2.031)

March 4

3,537.4025 manat ($2,080)

February 27

3,457.1455 manat ($2,033)

March 5

3,596.9585 manat ($2,115)

February 28

3,451.2805 manat ($2,029)

March 6

3,614.863 manat ($2,125)

February 29

3,460.5455 manat ($2,035)

March 7

3,666.9 manat ($2,156)

March 1

3,477.265 manat ($2,045)

March 8

3,666.9 manat ($2,156)

Average weekly

3,460.2293 manat ($2,035)

Average weekly

3,616.4848 manat ($2,127)

The price of an ounce of silver in Azerbaijan increased by 1.8 manat ($1.05), or 4.71 percent this week.

The average price of an ounce of silver totaled 40.3 manat ($23.7), which is 4.97 percent, or 1.9 manat ($1.12) less compared to last week.

Change in price of one ounce of silver

February 26

38.8192 manat ($22.8)

March 4

39.1689 manat ($23.04)

February 27

38.301 manat ($22.5)

March 5

40.3325 manat ($23.7)

February 28

38.0889 manat ($22.4)

March 6

40.1829 manat ($23.6)

February 29

38.281 manat ($22.5)

March 7

41.0141 manat ($24.12)

March 1

38.664 manat ($22.7)

March 8

41.0141 manat ($24.12)

Average weekly

38.4308 manat ($22.6)

Average weekly

40.3425 manat ($23.7)

The price of an ounce of platinum in Azerbaijan increased by 39.7545 manat ($23.4), or 2.64 percent this week.

The weighted average cost of an ounce of platinum rose by 15.8 manat or $9.3 (1.05 percent) to 1,525 manat ($896.9) compared to last week.

Change in price of one ounce of platinum

February 26

1,524.1435 manat ($896.5)

March 4

1,505.299 manat ($885.3)

February 27

1,505.18 manat ($885.3)

March 5

1,519.0435 manat ($893.5)

February 28

1,508.223 manat ($887.05)

March 6

1,509.498 manat ($887.6)

February 29

1,507.4155 manat ($886.5)

March 7

1,545.0535 manat ($908.8)

March 1

1,499.859 manat ($881.8)

March 8

1,545.0535 manat ($908.8)

Average weekly

1,508.9642 manat ($887.05)

Average weekly

1,524.7895 manat ($896.9)

The price of an ounce of palladium in Azerbaijan rose by 129.2 manat ($75.9), or 7.92 percent this week.

The weighted average cost of an ounce of palladium rose by 4.15 percent, or 67.07 manat ($39.45), from the previous week, totaling 1,681 manat ($989.05).

Change in price of one ounce of palladium

February 26

1,646.0675 manat ($968.2)

March 4

1,631.15 manat ($959.4)

February 27

1,624.9025 manat ($955.3)

March 5

1,620.2445 manat ($952.9)

February 28

1,586.219 manat ($932.9)

March 6

1,634.9750 manat ($961.2)

February 29

1,599.4025 manat ($940.6)

March 7

1,760.3245 manat ($1,035)

March 1

1,615.0765 manat ($949.9)

March 8

1,760.3245 manat ($1,035)

Average weekly

1,614.3336 manat ($949.4)

Average weekly

1,681.4037 manat ($988.8)

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