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Weekly review of Azerbaijan's precious metals market

Economy Materials 22 March 2025 23:54 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, March 22. The valuation of an ounce of gold in Azerbaijan increased by 91.1 manat, or $53.5 (1.8 percent), this week, Trend reports.

The weighted average cost of an ounce of gold went up by 137.1 manat, or $80.6 (2.7 percent), compared to last week's figure, settling at 5,119 manat ($3,011).

Gold ounce value change

March 10

4,947 manat ($2,909)

March 17

5,071 manat ($2,982)

March 11

4,926 manat ($2,897)

March 18

5,124 manat ($3,014)

March 12

4,955 manat ($2,914)

March 19

5,162 manat ($3,036)

March 13

5,006 manat ($2,944)

March 20

-

March 14

5,075 manat ($2,985)

March 21

-

Weekly average

4,982 manat ($2,930)

Weekly average

5,119 manat ($3,011)

During the week, the price of an ounce of silver in Azerbaijan rose 0.52 manat, or $0.30 (0.9 percent). The weighted average cost of an ounce of silver came in at 57.59 manat ($33.87), which is 3 percent or 1.70 manat (0.99 cents) more than last week's tally.

Silver ounce value change

March 10

55.1 manat ($32.4)

March 17

57.2 manat ($33.6)

March 11

54.7 manat ($32.1)

March 18

57.6 manat ($33.8)

March 12

55.6 manat ($32.7)

March 19

57.8 manat ($33.9)

March 13

56.3 manat ($33.1)

March 20

-

March 14

57.5 manat ($33.8)

March 21

-

Weekly average

55.8 manat ($32.8)

Weekly average

57.5 manat ($33.8)

The price of an ounce of platinum in Azerbaijan decreased by 1.98 manat ($1.1) or 0.1 percent during the week. The weighted average price of an ounce of platinum increased by 34.1 manat ($20), or 2 percent, compared to last week and amounted to 1,700 manat ($999.9).

Platinum ounce value change

March 10

1,645 manat ($967.6)

March 17

1,696 manat ($997.6)

March 11

1,636 manat ($962.3)

March 18

1,711 manat ($1,006)

March 12

1,675 manat ($985.2)

March 19

1,694 manat ($996.4)

March 13

1,676 manat ($985.8)

March 20

-

March 14

1,699 manat ($999.4)

March 21

-

Weekly average

1,666 manat ($979.9)

Weekly average

1,700 manat ($999.9)

Moreover, this week, the price of an ounce of palladium in Azerbaijan went up by 1.74 manat ($1), or 0.1 percent. Meanwhile, the weighted average cost of an ounce of platinum increased by 26.3 manat, or $15.4 (1.6 percent), landing on 1,649 manat ($969.9) compared to last week's numbers.

Palladium ounce value change

March 10

1,617 manat ($951.1)

March 17

1,645 manat ($967.6)

March 11

1,605 manat ($944.1)

March 18

1,656 manat ($974.1)

March 12

1,610 manat ($947)

March 19

1,646 manat ($968.2)

March 13

1,632 manat ($959.9)

March 20

-

March 14

1,650 manat ($970.5)

March 21

-

Weekly average

1,623 manat ($954.7)

Weekly average

1,649 manat ($969.9)

The regulator failed to publish data for March 20 and 21 since they are non-business days.

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