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Weekly review of Azerbaijan's precious metals market

Economy Materials 29 April 2024 11:50 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 29. The price of an ounce of gold in Azerbaijan fell by 55.8 manat, or $32.8 (1.39 percent), at the end of the last week. The weighted average cost of an ounce of gold decreased by 78.3 manat or $46.06 (1.94 percent) compared to the previous week's figure, amounting to 3,962 manat ($2,330), Trend reports.

Gold ounce value change

April 15

4,005 manat ($2,356)

April 22

4,027 manat ($2,369)

April 16

4,057 manat ($2,386)

April 23

3,920 manat ($2,305)

April 17

4,047 manat ($2,381)

April 24

3,954 manat ($2,326)

April 18

4,038 manat ($2,375)

April 25

3,936 manat ($2,315)

April 19

4,052 manat ($2,384)

April 26

3,971 manat ($2,356)

Average weekly rate

4,040 manat ($2,376)

Average weekly rate

3,962 manat ($2,331)

The price of an ounce of silver in Azerbaijan fell by 0.6562 manat, or $0.38 (1.38 percent), last week. The weighted average cost of an ounce of silver amounted to 46.6 manat, or $27.4, which is 3.47 percent, or 1.67 manat ($0.98) less than the previous week's figure.

Silver ounce value change

April 15

47.9 manat ($28.17)

April 22

47.5 manat ($27.9)

April 16

48.9 manat ($28.7)

April 23

45.8 manat ($26.9)

April 17

48.01 manat ($28.2)

April 24

46.6 manat ($27.4)

April 18

48.3 manat ($28.4)

April 25

46.1 manat ($27.1)

April 19

48.04 manat ($26.6)

April 26

46.9 manat ($27.6)

Average weekly rate

48.3 manat ($26.1)

Average weekly rate

46.6 manat ($27.4)

The price of an ounce of platinum in Azerbaijan last week fell by 19.7 manat, or $11.6 (1.24 percent). The weighted average cost of an ounce of platinum decreased by 62.1 manat, or $36.5 (3.83 percent), to 1,561 manat ($918.2) compared to last week's figure.

Platinum ounce value change

April 15

1,653 manat ($972.3)

April 22

1,588 manat ($934.1)

April 16

1,649 manat ($967)

April 23

1,552 manat ($913)

April 17

1,619 manat ($952.3)

April 24

1,559 manat ($917)

April 18

1,595 manat ($938.2)

April 25

1,535 manat ($902.9)

April 19

1,597 manat ($939.4)

April 26

1,569 manat ($922.9)

Average weekly rate

1,623 manat ($954.7)

Average weekly rate

1,561 manat ($918.2)

The price for an ounce of palladium in Azerbaijan decreased by 60 manat, or $35.3 (3.44 percent), during the last week. The weighted average cost of an ounce of palladium decreased by 2.1 percent, or 36.7 manat ($21.6), compared to the indicator of the previous week, amounting to 1,715 manat ($1,009).

Palladium ounce value change

April 15

1,780 manat ($1,047)

April 22

1,746 manat ($1,027)

April 16

1,751 manat ($1,030)

April 23

1,701 manat ($1,001)

April 17

1,735 manat ($1,020)

April 24

1,755 manat ($1,032)

April 18

1,755 manat ($1,032)

April 25

1,688 manat ($922.9)

April 19

1,737 manat ($1,022)

April 26

1,686 manat ($991.7)

Average weekly rate

1,752 manat ($1,030)

Average weekly rate

1,715 manat ($1,009)

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