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Weekly review of Azerbaijan's precious metals market

Economy Materials 6 May 2024 11:01 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 6. At the end of last week, the price of one ounce of gold in Azerbaijan decreased by 45.6 manat, or $26.8 (1.15 percent). While, in comparison to the previous week, the weighted average cost of one ounce of gold experienced a decline of 28.5 manat or $16.7 (0.72 percent), totaling 3,933 manat ($2,349), Trend reports.

Gold ounce value change

April 22

4,027 manat ($2,369)

April 29

3,969 manat ($2,335)

April 23

3,920 manat ($2,306)

April 30

3,953 manat ($2,325)

April 24

3,954 manat ($2,326)

May 1

3,883 manat ($2,284)

April 25

3,936 manat ($2,315)

May 2

3,937 manat ($2,315)

April 26

3,971 manat ($2,336)

May 3

3,923 manat ($2,307)

Weekly average

3,962 manat ($2,331)

Weekly average

3,933 manat ($2,313)

The price of an ounce of silver in Azerbaijan fell by 0.946 manat or $0.55 (2.04 percent), last week. The weighted average cost of an ounce of silver amounted to 45.5 manat or $26.8, which is 2.33 percent or 1.08 manat ($0.63) more than the previous week's figure.

Silver ounce value change

April 22

47.5 manat ($27.9)

April 29

46.4 manat ($27.3)

April 23

45.8 manat ($26.9)

April 30

45.7 manat ($26.9)

April 24

46.6 manat ($27.4)

May 1

44.9 manat ($26.4)

April 25

46.1 manat ($27.1)

May 2

45.4 manat ($26.7)

April 26

46.9 manat ($27.6)

May 3

45.5 manat ($26.8)

Weekly average

46.6 manat ($27.4)

Weekly average

45.5 manat ($26.8)

The price of an ounce of platinum in Azerbaijan last week rose by 62.01 manat or $36.5 (3.96 percent). The weighted average cost of an ounce of platinum increased by 45.8 manat or $26.9 (2.94 percent) to 1,607 manat ($945.1) compared to last week's figure.

Platinum ounce value change

April 22

1,589 manat ($934.7)

April 29

1,567 manat ($921.7)

April 23

1,522 manat ($895.3)

April 30

1,613 manat ($948.8)

April 24

1,559 manat ($917.1)

May 1

1,592 manat ($936.5)

April 25

1,535 manat ($902.9)

May 2

1,631 manat ($959.4)

April 26

1,569 manat ($922.9)

May 3

1,629 manat ($958.2)

Weekly average

1,561 manat ($918.2)

Weekly average

1,607 manat ($945.3)

The price for an ounce of palladium in Azerbaijan decreased by 48.6 manat or $28.6 (2.96 percent) during last week. The weighted average cost of an ounce of palladium fell by 5.39 percent, or 92.4 manat ($54.3) compared to the indicator of the previous week, amounting to 1,623 manat ($954.5).

Palladium ounce value change

April 22

1,746 manat ($1,027)

April 30

1,639 manat ($964.1)

April 23

1,701 manat ($1,001)

April 29

1,649 manat ($969.9)

April 24

1,755 manat ($1,032)

May 1

1,610 manat ($947.1)

April 25

1,688 manat ($992.9)

May 2

1,624 manat ($955.3)

April 26

1,686 manat ($991.8)

May 3

1,591 manat ($935.9)

Weekly average

1,715 manat ($1,009)

Weekly average

1,623 manat ($954.7)

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