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Weekly review of Azerbaijan's precious metals market

Economy Materials 15 April 2024 12:15 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 15. The price of an ounce of gold in Azerbaijan rose by 3.75 manat, or $2.2 (0.09 percent), at the end of the last week. The weighted average cost of an ounce of gold rose by 115.9 manat, or $68.2 (3 percent), compared to the previous week's figure, amounting to 3,984 manat ($2,343), Trend reports.

Gold ounce value change

April 1

3,841 manat ($2,259)

April 8

3,981 manat ($2,341)

April 2

3,836 manat ($2,256)

April 9

3,985 manat ($2,344)

April 3

3,882 manat ($2,283)

April 10

3,985 manat ($2,344)

April 4

3,909 manat ($2,299)

April 11

3,985 manat ($2,344)

April 5

3,872 manat ($2,277)

April 12

3,985 manat ($2,344)

April 6*

3,960 manat ($2,329)

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-

Average weekly rate

3,868 manat ($2,275)

Average weekly rate

3,984 manat ($2,343)

The price of an ounce of silver in Azerbaijan fell by 0.0365 manat, or $0.02 (0.08 percent), last week. The weighted average cost of an ounce of silver amounted to 47.2 manat, or $27.8, which is 6.42 percent, or 2.85 manat ($1.67) more than the previous week's figure.

Silver ounce value change

April 1

42.8 manat ($25.2)

April 8

47.26 manat ($27.79)

April 2

43.1 manat ($25.3)

April 9

47.22 manat ($27.77)

April 3

44.8 manat ($26.4)

April 10

47.22 manat ($27.77)

April 4

46.04 manat ($27.1)

April 11

47.22 manat ($27.77)

April 5

45.16 manat ($26.6)

April 12

47.22 manat ($27.77)

April 6*

46.7 manat ($27.5) -

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Average weekly rate

44.4 manat ($26.1)

Average weekly rate

47.23 manat ($27.78)

The price of an ounce of platinum in Azerbaijan last week rose by 77.5 manat, or $45.6 (4.89 percent). The weighted average cost of an ounce of platinum increased by 79.3 manat, or $46.6 (5.06 percent), to 1,647 manat ($968.8) compared to last week's figure.

Platinum ounce value change

April 1

1,554 manat ($914.1)

April 8

1,586 manat ($932.9)

April 2

1,542 manat ($907)

April 9

1,663 manat ($978.2)

April 3

1,577 manat ($927.6)

April 10

1,663 manat ($978.2)

April 4

1,596 manat ($938.8)

April 11

1,663 manat ($978.2)

April 5

1,572 manat ($924.7)

April 12

1,663 manat ($978.2)

April 6*

1,582 manat ($930.6)

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-

Average weekly rate

1,568 manat ($922.3)

Average weekly rate

1,648 manat ($969.4)

The price for an ounce of palladium in Azerbaijan increased by 85.1 manat, or $50.06 (1.86 percent), during the last week. The weighted average cost of an ounce of palladium increased by 3.15 percent, or 54.4 manat ($31.9), compared to the indicator of the previous week, amounting to 1,782 manat ($1,048).

Palladium ounce value change

April 1

1,745 manat ($1,026)

April 8

1,714 manat ($1,008)

April 2

1,718 manat ($1,010)

April 9

1,799 manat ($1,058)

April 3

1,722 manat ($1,012)

April 10

1,799 manat ($1,058)

April 4

1,741 manat ($1,024)

April 11

1,799 manat ($1,058)

April 5

1,712 manat ($1,026)

April 12

1,799 manat ($1,058)

April 6*

1,709 manat ($1,007)

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-

Average weekly rate

1,728 manat ($1,016)

Average weekly rate

1,782 manat ($1,048)

To note, due to the Ramadan holiday falling on April 10 or 11, Azerbaijani Prime Minister Ali Asadov has declared April 6 (Saturday) a working day to maintain the order of working days and days off, as April 12 falls on a Friday.

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