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Weekly review of Azerbaijan's precious metals market

Economy Materials 2 March 2025 15:11 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Evez Hasanov
Evez Hasanov
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BAKU, Azerbaijan, March 2. The valuation of an ounce of gold in Azerbaijan decreased by 130.75 manat, or $76.9 (2.61 percent), this week, Trend reports.

The weighted average cost of an ounce of gold went down by 18.6 manat, or $10.9 (0.37 percent), compared to last week's figure, settling at 4,948 manat ($2,910).

Gold ounce value change

February 17

4,929 manat ($2,899)

February 24

4,999 manat ($2,940)

February 18

4,948 manat ($2,910)

February 25

4,993 manat ($2,937)

February 19

4,981 manat ($2,929)

February 26

4,955 manat ($2,910)

February 20

4,997 manat ($2,939)

February 27

4,924 manat ($2,900)

February 21

4,977 manat ($2,927)

February 28

4,868 manat ($2,860)

Weekly average

4,966 manat ($2,921)

Weekly average

4,948 manat ($2,910)

During the week, the price of an ounce of silver in Azerbaijan rose 2.48 manat, or $1.46 (4.5 percent). The weighted average cost of an ounce of silver came in at 54.25 manat ($31.9), which is 2.15 percent or 1.19 manat ($0.7) less than last week's tally.

Silver ounce value change

February 17

55 manat ($32.3)

February 24

55.56 manat ($32.68)

February 18

55 manat ($32.3)

February 25

54.9 manat ($32.29)

February 19

55.53 manat ($32.6)

February 26

53.89 manat ($31.7)

February 20

55.77 manat ($32.8)

February 27

53.79 manat ($31.6)

February 21

55.75 manat ($32.7)

February 28

53 manat ($31.18)

Weekly average

55.44 manat ($32.6)

Weekly average

54.25 manat ($31.9)

The price of an ounce of platinum in Azerbaijan decreased by 44.7 manat ($26.29) or 2.7 percent during the week. The weighted average price of an ounce of platinum decreased by 26.3 manat ($15.47), or 1.6 percent, compared to last week and amounted to 1,640 manat ($960).

Platinum ounce value change

February 17

1,683 manat ($989.9)

February 24

1,661 manat ($980)

February 18

1,675 manat ($985.2)

February 25

1,641 manat ($970)

February 19

1,661 manat ($977)

February 26

1,642 manat ($971)

February 20

1,660 manat ($976.4)

February 27

1,641 manat ($970)

February 21

1,654 manat ($972.9)

February 28

1,616 manat ($950)

Weekly average

1,667 manat ($980.5)

Weekly average

1,640 manat ($960)

Moreover, this week, the price of an ounce of platinum in Azerbaijan went down by 83.86 manat ($49.3), or 5.1 percent. Meanwhile, the weighted average cost of an ounce of platinum decreased by 66.6 manat, or $39 (four percent), landing on 1,597 manat ($940) compared to last week's numbers.

Palladium ounce value change

February 17

1,668 manat ($981.1)

February 24

1,649 manat ($970)

February 18

1,669 manat ($981.7)

February 25

1,599 manat ($941)

February 19

1,666 manat ($979.9)

February 26

1,595 manat ($938)

February 20

1,661 manat ($977)

February 27

1,577 manat ($930)

February 21

1,654 manat ($972.9)

February 28

1,565 manat ($920)

Weekly average

1,664 manat ($978.8)

Weekly average

1,597 manat ($940)

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