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Weekly review of Azerbaijan's precious metals market

Economy Materials 25 May 2024 23:14 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 25. The price of an ounce of gold decreased by 175.7 manat, or $103.3 (4.24 percent) this week, Trend reports.

The weighted average cost of an ounce of gold grew by 49.2 manat or $28.9 (1.22 percent) compared to last week's figure, amounting to 4,070 manat ($2,394).

Gold ounce value change

May 13

4,002 manat ($2,354)

May 20

4,144 manat ($2,440)

May 14

3,985 manat ($2,344)

May 21

4,100 manat ($2,412)

May 15

4,007 manat ($2,357)

May 22

4,101 manat ($2,413)

May 16

4,066 manat ($2,392)

May 23

4,033 manat ($2,370)

May 17

4,044 manat ($2,379)

May 24

3,968 manat ($2,334)

Weekly average

4,021 manat ($2,365)

Weekly average

4,070 manat ($2,394)

This week, the price of an ounce of silver in Azerbaijan decreased by 3.25 manat ($1.9), or 5.93 percent.

The weighted average cost of an ounce of silver amounted to 53 manat ($31), which is 8.28 percent, or 4.06 manat ($2.39) more than last week's figure.

Silver ounce value change

May 13

47.7 manat ($28.05)

May 20

55 manat ($32)

May 14

48.4 manat ($28.47)

May 21

53 manat ($31)

May 15

48.5 manat ($28.52)

May 22

54 manat ($32)

May 16

50.4 manat ($29.64)

May 23

52 manat ($30.6)

May 17

50.3 manat ($29.58)

May 24

51.6 manat ($30.3)

Weekly average

49.04 manat ($28.8)

Weekly average

53 manat ($28.8)

This week, the price of an ounce of platinum in Azerbaijan this week decreased by 116 manat ($68), or 6.26 percent.

The weighted average cost of an ounce of platinum increased by 14.4 manat, or $8.5 (0.81 percent), to 1,780 manat ($1,050) compared to last week's figure.

Platinum ounce value change

May 13

1,695 manat ($997.05)

May 20

1,855 manat ($1,091)

May 14

1,702 manat ($1,001)

May 21

1,762 manat ($1,036)

May 15

1,796 manat ($1,056)

May 22

1,783 manat ($1,050)

May 16

1,882 manat ($1,107)

May 23

1,760 manat ($1,035)

May 17

1,809 manat ($1,064)

May 24

1,740 manat ($1,023)

Weekly average

1,765 manat ($1,038)

Weekly average

1,780 manat ($1,050)

During this week, the price per ounce of palladium in Azerbaijan decreased by 71 manat or $41.8 (4.11 percent).

The weighted average cost of an ounce of palladium increased by 1.61 percent, or 27 manat ($16), compared to the indicator of last week, amounting to 1,706 manat ($1,003).

Palladium ounce value change

May 13

1,668 manat ($981.1)

May 20

1,730 manat ($1,017)

May 14

1,646 manat ($968.2)

May 21

1,721 manat ($1,012)

May 15

1,691 manat ($994.7)

May 22

1,740 manat ($1,023)

May 16

1,723 manat ($1,013)

May 23

1,700 manat ($1,000)

May 17

1,669 manat ($981.7)

May 24

1,660 manat ($976.5)

Weekly average

1,679 manat ($987.6)

Weekly average

1,706 manat ($1,003)

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