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Weekly review of Azerbaijan's precious metals market

Economy Materials 8 March 2025 22:17 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, March 8. The valuation of an ounce of gold in Azerbaijan increased by 66.827 manat, or $39.3 (1.4 percent), this week, Trend reports.

The weighted average cost of an ounce of gold went down by 20.8 manat, or $12.2 (0.4 percent), compared to last week's figure, settling at 4,927 manat ($2,898).

Gold ounce value change

February 24

4,999 manat ($2,940)

March 3

4,874 manat ($2,867)

February 25

4,993 manat ($2,937)

March 4

4,914 manat ($2,890)

February 26

4,955 manat ($2,914)

March 5

4,947 manat ($2,909)

February 27

4,924 manat ($2,896)

March 6

4,959 manat ($2,917)

February 28

4,868 manat ($2,863)

March 7

4,941 manat ($2,906)

Weekly average

4948 manat ($2,910)

Weekly average

4,927 manat ($2,898)

During the week, the price of an ounce of silver in Azerbaijan rose 2.22 manat, or $1.30 (4.2 percent). The weighted average cost of an ounce of silver came in at 54.44 manat ($32), which is 0.35 percent or 0.19 manat (0.11 cents) more than last week's tally.

Silver ounce value change

February 24

55.5 manat ($32.6)

March 3

53.1 manat ($31.2)

February 25

54.9 manat ($32.2)

March 4

53.8 manat ($31.6)

February 26

53.8 manat ($31.6)

March 5

54.3 manat ($31.9)

February 27

53.7 manat ($31.5)

March 6

55.3 manat ($32.5)

February 28

53 manat ($31.1)

March 7

55.4 manat ($32.5)

Weekly average

54.2 manat ($31.8)

Weekly average

54.4 manat ($31.9)

The price of an ounce of platinum in Azerbaijan increased by 32.7 manat ($19.2) or 2 percent during the week. The weighted average price of an ounce of platinum decreased by 4.59 manat ($2.69), or 0.28 percent, compared to last week and amounted to 1,636 manat ($962.3).

Platinum ounce value change

February 24

1,661 manat ($977)

March 3

1,615 manat ($949.9)

February 25

1,641 manat ($965.2)

March 4

1,630 manat ($958.8)

February 26

1,642 manat ($965.8)

March 5

1,639 manat ($964.1)

February 27

1,641 manat ($965.2)

March 6

1,647 manat ($968.8)

February 28

1,616 manat ($950.5)

March 7

1,648 manat ($969.4)

Weekly average

1,640 manat ($964.7)

Weekly average

1,636 manat ($962.3)

Moreover, this week, the price of an ounce of platinum in Azerbaijan went up by 21.81 manat ($12.8), or 1.37 percent. Meanwhile, the weighted average cost of an ounce of platinum increased by 4.51 manat, or $2.65 (0,3 percent), landing on 1,601 manat ($941.7) compared to last week's numbers.

Palladium ounce value change

February 24

1,649 manat ($969.9)

March 3

1,586 manat ($932.9)

February 25

1,599 manat ($940.5)

March 4

1,587 manat ($933.5)

February 26

1,595 manat ($938.2)

March 5

1,617 manat ($951.1)

February 27

1,577 manat ($927.6)

March 6

1,610 manat ($947)

February 28

1565 manat ($920.5)

March 7

1,607 manat ($945.2)

Weekly average

1,597 manat ($939.4)

Weekly average

1,601 manat ($941.7)

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