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Weekly review of Azerbaijan's precious metals market

Economy Materials 8 June 2024 19:37 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 8. The price of an ounce of gold increased by 110.6 manat, or $65 (2.8 percent), this week, Trend reports.

The weighted average cost of an ounce of gold grew by 13.8 manat or $8 (0.35 percent) compared to last week's figure, amounting to 3,999 manat ($2,352).

Gold ounce value change

May 27

3,983 manat ($2,341)

June 3

3,946 manat ($2,321)

May 28

3,983 manat ($2,341)

June 4

3,993 manat ($2,348)

May 29

4,009 manat ($2,358)

June 5

3,975 manat ($2,338)

May 30

3,969 manat ($2,334)

June 6

4,028 manat ($2,369)

May 31

3,985 manat ($2,343)

June 7

4,056 manat ($2,385)

Weekly average

3,986 manat ($2,344)

Weekly average

3,999 manat ($2,352)

This week, the price of an ounce of silver in Azerbaijan increased by 2.1 manat ($1.2), or 4.14 percent.

The weighted average cost of an ounce of silver amounted to 51.8 manat ($30.5), which is 2.43 percent, or 1.29 manat (76 cents) less than last week's figure.

Silver ounce value change

May 27

52.4 manat ($31)

June 3

51.4 manat ($30)

May 28

52.4 manat ($31)

June 4

52 manat ($30.6)

May 29

54.6 manat ($32)

June 5

50.5 manat ($29.7)

May 30

53.8 manat ($31.6)

June 6

52 manat ($30.6)

May 31

52.6 manat ($30.9)

June 7

53.5 manat ($31.5)

Weekly average

53 manat ($31)

Weekly average

51.8 manat ($30.5)

This week, the price of an ounce of platinum in Azerbaijan decreased by 51 manat ($30), or 2.88 percent.

The weighted average cost of an ounce of platinum fell by 47 manat, or $27.6 (2.66 percent), to 1,722 manat ($1,012) compared to last week's figure.

Platinum ounce value change

May 27

1,771 manat ($1,041)

June 3

1,768 manat ($1,040)

May 28

1,771 manat ($1,041)

June 4

1,734 manat ($1,020)

May 29

1,804 manat ($1,061)

June 5

1,685 manat ($991)

May 30

1,757 manat ($1,033)

June 6

1,707 manat ($1,004)

May 31

1,742 manat ($1,025)

June 7

1,717 manat ($1,010)

Weekly average

1,769 manat ($1,040)

Weekly average

1,722 manat ($1,012)

During this week, the price per ounce of palladium in Azerbaijan rose by 34 manat or $20 (2.2 percent).

The weighted average cost of an ounce of palladium decreased by 4.01 percent, or 65.9 manat ($39), compared to the indicator of last week, amounting to 1,579 manat ($929).

Palladium ounce value change

May 27

1,665 manat ($979)

June 3

1,548 manat ($910)

May 28

1,665 manat ($979)

June 4

1,578 manat ($928)

May 29

1,669 manat ($982)

June 5

1,578 manat ($928)

May 30

1,612 manat ($948)

June 6

1,606 manat ($945)

May 31

1,608 manat ($946)

June 7

1,582 manat ($930)

Weekly average

1,644 manat ($967)

Weekly average

1,579 manat ($929)

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