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Weekly review of Azerbaijan's precious metals market

Economy Materials 27 January 2025 12:19 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 27. The valuation of an ounce of gold in Azerbaijan grew by 99.1 manat, or $58.29 (2.15 percent), last week, Trend reports.

The weighted average cost of an ounce of gold went up by 92.4 manat, or $54.3 (2.02 percent), compared to the previous week's figure, settling at 4,664 manat ($2,743).

Gold ounce value change

January 13

4,566 manat ($2,685)

January 20

4,614 manat ($2,714)

January 14

4,545 manat ($2,673)

January 21

4,636 manat ($2,727)

January 15

4,548 manat ($2,676)

January 22

4,678 manat ($2,751)

January 16

4,585 manat ($2,697)

January 23

4,678 manat ($2,751)

January 17

4,614 manat ($2,714)

January 24

4,713 manat ($2,772)

Weekly average

4,572 manat ($2,689)

Weekly average

4,664 manat ($2,743)

Last week, the price of an ounce of silver in Azerbaijan rose 0.05 manat, or 2.9 cents (0.1 percent). The weighted average cost of an ounce of silver came in at 52.26 manat ($30.74), which is 1.68 percent or 0.86 manat (51 cents) more than the previous week's tally.

Silver ounce value change

January 13

51.38 manat ($30.2)

January 20

52.28 manat ($30.75)

January 14

50.48 manat ($29.69)

January 21

52 manat ($30.59)

January 15

50.68 manat ($29.8)

January 22

52.5 manat ($30.88)

January 16

52.16 manat ($30.68)

January 23

52.1 manat ($30.68)

January 17

52.28 manat ($30.7)

January 24

52.3 manat ($30.7)

Weekly average

51.4 manat ($30.2)

Weekly average

52.26 manat ($30.74)

Besides, last week, the price of an ounce of platinum in Azerbaijan went up by 29.2 manat ($17), or 1.83 percent. Meanwhile, the weighted average cost of an ounce of platinum decreased by 1.1 manat, or 65 cents (0.07 percent), landing on 1,611 manat ($948.23) compared to the previous week's numbers.

Platinum ounce value change

January 13

1,638 manat ($963.5)

January 20

1,595 manat ($938.2)

January 14

1,633 manat ($960.59)

January 21

1,611 manat ($948.23)

January 15

1,594 manat ($937.6)

January 22

1,618 manat ($948.28)

January 16

1,601 manat ($941.7)

January 23

1,607 manat ($945.29)

January 17

1,595 manat ($938.2)

January 24

1,625 manat ($955.88)

Weekly average

1,612 manat ($948.24)

Weekly average

1,611 manat ($948.23)

The price for an ounce of palladium in Azerbaijan grew by 108.4 manat ($63.76) or one percent last week. Meanwhile, the weighted average cost of an ounce of palladium grew by 1.92 percent, or 31 manat ($18.24), compared to the indicator of the previous week, amounting to 1,642 manat ($965.88).

Palladium ounce value change

January 13

1,617 manat ($951)

January 20

1,600 manat ($941)

January 14

1,612 manat ($922.9)

January 21

1,600 manat ($941)

January 15

1,599 manat ($940.59)

January 22

1,646 manat ($968)

January 16

1,628 manat ($957.6)

January 23

1,655 manat ($973.5)

January 17

1,600 manat ($941)

January 24

1,709 manat ($1,005)

Weekly average

1,611 manat ($947.6)

Weekly average

1,642 manat ($965.88)

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