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Weekly review of Azerbaijan's precious metals market

Economy Materials 12 April 2025 13:23 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, April 12.​ The valuation of an ounce of gold in Azerbaijan increased by 298 manat, or $175.2 (5,8 percent), this week, Trend reports.

The weighted average cost of an ounce of gold went down by 83.2 manat, or $48.9 (1.6 percent), compared to last week's figure, settling at 5,229 manat ($3,075).

Gold ounce value change

March 31

-

April 7

5,158 manat ($3,034)

April 1

5,345 manat ($3,144)

April 8

5,103 manat ($3,001)

April 2

5,296 manat ($3,115)

April 9

5,117 manat ($3,010)

April 3

5,338 manat ($3,140)

April 10

5,313 manat ($3,125)

April 4

5,272 manat ($3,101)

April 11

5,456 manat ($3,209)

Weekly average

5,313 manat ($3,125)

Weekly average

5,229 manat ($3,075)

During the week, the price of an ounce of silver in Azerbaijan rose 1.80 manat, or $1.05 (3.5 percent). The weighted average cost of an ounce of silver came in at 51.9 manat ($30.5), which is 7.9 percent or 4.45 manat ($2.61) less than last week's tally.

Silver ounce value change

March 31

-

April 7

51.4 manat ($30.2)

April 1

58 manat ($34.1)

April 8

51.2 manat ($30.1)

April 2

57.4 manat ($33.7)

April 9

50.7 manat ($29.8)

April 3

56.5 manat ($33.2)

April 10

52.9 manat ($31.1)

April 4

53.5 manat ($31.4)

April 11

53.2 manat ($31.2)

Weekly average

56.3 manat ($33.1)

Weekly average

51.9 manat ($30.5)

The price of an ounce of platinum in Azerbaijan increased by 12.5 manat ($7.35) or 0.8 percent during the week. The weighted average price of an ounce of platinum decreased by 75.8 manat ($44.5), or 4.6 percent, compared to last week and amounted to 1,588 manat ($934.1).

Platinum ounce value change

March 31

-

April 7

1,588 manat ($934.1)

April 1

1,695 manat ($997)

April 8

1,582 manat ($930.5)

April 2

1,681 manat ($988.8)

April 9

1,569 manat ($922.9)

April 3

1,655 manat ($973.5)

April 10

1,598 manat ($940)

April 4

1,623 manat ($954.7)

April 11

1,601 manat ($941.7)

Weekly average

1,663 manat ($978.2)

Weekly average

1,588 manat ($934.1)

Moreover, this week, the price of an ounce of palladium in Azerbaijan went down by 14.8 manat ($8.70), or 0.9 percent. Meanwhile, the weighted average cost of an ounce of platinum decreased by 79 manat, or $46.4 (4.8 percent), landing on 1,569 manat ($922.9) compared to last week's numbers.

Palladium ounce value change

March 31

-

April 7

1,581 manat ($930)

April 1

1,687 manat ($992.3)

April 8

1,569 manat ($922.9)

April 2

1,684 manat ($990.5)

April 9

1,549 manat ($911.1)

April 3

1,636 manat ($962.3)

April 10

1,578 manat ($928.2)

April 4

1,584 manat ($931.7)

April 11

1,566 manat ($921.1)

Weekly average

1,648 manat ($969.4)

Weekly average

1,569 manat ($922.9)

The regulatory body did not release the indicators for March 31, as the date fell on a non-working day.

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