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Weekly review of Azerbaijan's precious metals market

Economy Materials 21 December 2024 13:11 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 21. The valuation of an ounce of gold in Azerbaijan experienced a decrement of 94 manat, equating to $55.29, reflecting a contraction of 2.08 percent by the conclusion of this week, Trend reports.

The weighted average cost of an ounce of gold dropped by 79.39 manat, or $46.7 (1.74 percent), compared to last week's figure, landing at 4,473 manat ($2,631).

Gold ounce value change

December 9

4,481 manat ($2,635)

December 16

4,510 manat ($2,652)

December 10

4,538 manat ($2,669)

December 17

4,507 manat ($2,651)

December 11

4,563 manat ($2,684)

December 18

4,496 manat ($2,644)

December 12

4,611 manat ($2,712)

December 19

4,436 manat ($2,609)

December 13

4,568 manat ($2,687)

December 20

4,416 manat ($2,597)

Weekly average

4,552 manat ($2,677)

Weekly average

4,473 manat ($2,631)

This week, the price of an ounce of silver in Azerbaijan lowered by 2.6 manat ($1.5), or 5.07 percent. The weighted average cost of an ounce of silver came in at 50.9 manat ($29.9), which is 2.03 percent or 2.6 manat ($1.5) less than last week's tally.

Silver ounce value change

December 9

52.58 manat ($30.93)

December 16

51.88 manat ($30.5)

December 10

54.3 manat ($31.9)

December 17

51.7 manat ($30.4)

December 11

53.78 manat ($31.64)

December 18

51.66 manat ($30.39)

December 12

54.5 manat ($32)

December 19

50 manat ($29.4)

December 13

52.6 manat ($30.9)

December 20

49.26 manat ($28.98)

Weekly average

53.56 manat ($31.5)

Weekly average

50.9 manat ($29.9)

This week, the price of an ounce of platinum in Azerbaijan increased by 2.28 manat ($1.34), or 0.15 percent. Meanwhile, the weighted average cost of an ounce of platinum lowered by 16 manat, or $9.4 (1.01 percent), settling at 1,580 manat ($929) compared to last week's numbers.

Platinum ounce value change

December 9

1,586 manat ($932.9)

December 16

1,564 manat ($920)

December 10

1,595 manat ($938)

December 17

1,592 manat ($935)

December 11

1,601 manat ($941.7)

December 18

1,600 manat ($941)

December 12

1,611 manat ($947.6)

December 19

1,578 manat ($928)

December 13

1,587 manat ($933)

December 20

1,566 manat ($921)

Weekly average

1,596 manat ($938.8)

Weekly average

1,580 manat ($929)

The price for an ounce of palladium in Azerbaijan went down by 78.5 manat ($46), or 4.84 percent, during this week. Meanwhile, the weighted average cost of an ounce of palladium fell by 4.24 percent, or 70.35 manat ($41.38), compared to the indicator of last week, amounting to 1,588 manat ($934).

Palladium ounce value change

December 9

1,639 manat ($964)

December 16

1,622 manat ($954)

December 10

1,659 manat ($975.9)

December 17

1,612 manat ($948)

December 11

1,655 manat ($973.5)

December 18

1,594 manat ($937.6)

December 12

1,688 manat ($992.9)

December 19

1,568 manat ($922.3)

December 13

1,650 manat ($970.59)

December 20

1,543 manat ($970.65)

Weekly average

1,658 manat ($975.29)

Weekly average

1,588 manat ($934)

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