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Weekly review of Azerbaijan's precious metals market

Economy Materials 9 May 2025 15:54 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, May 9.​ The price of an ounce of gold in Azerbaijan increased by 211.4 manat, or $124.3 (3.8 percent), at the end of last week, Trend reports.

The weighted average cost of an ounce of gold went up by 113.5 manat, or $66.7 (2 percent), compared to the previous week's figure, amounting to 5,688 manat ($3,345).

Gold ounce value change

April 28

5,609 manat ($3,299)

May 5

5,536 manat ($3,256)

April 29

5,628 manat ($3,310)

May 6

5,718 manat ($3,363)

April 30

5,623 manat ($3,307)

May 7

5,750 manat ($3,382)

May 1

5,486 manat ($3,227)

May 8

5,748 manat ($3,381)

May 2

5,525 manat ($3,250)

May 9

-

Average weekly rate

5,574 manat ($3,278)

Average weekly rate

5,688 manat ($3,345)

The price of an ounce of silver in Azerbaijan surged by 1.02 manat, or $0.59 (1.9 percent), last week. The weighted average cost of an ounce of silver amounted to 56.2 manat, or $33, which is 0.3 percent, or 0.17 manat ($0.10), more than the previous week's figure.

Silver ounce value change

April 28

55.9 manat ($32.8)

May 5

54.7 manat ($32.1)

April 29

56 manat ($32.9)

May 6

56.2 manat ($33)

April 30

55.8 manat ($32.8)

May 7

56 manat ($32.9)

May 1

54.4 manat ($32)

May 8

55.7 manat ($32.7)

May 2

55.4 manat ($32.5)

May 9

-

Average weekly rate

55.5 manat ($32.6)

Average weekly rate

55.7 manat ($32.7)

The price of an ounce of platinum in Azerbaijan last week increased by 31.5 manat, or $18.5 (1.9 percent). The weighted average cost of an ounce of platinum increased by 3.97 manat, or $2.33 (0.2 percent), to 1,663 manat ($978.2) compared to the previous week's figure.

Platinum ounce value change

April 28

1,656 manat ($974.1)

May 5

1,643 manat ($966.4)

April 29

1,683 manat ($990)

May 6

1,659 manat ($975.8)

April 30

1,667 manat ($980.6)

May 7

1,677 manat ($986.4)

May 1

1,636 manat ($962.4)

May 8

1,674 manat ($984.7)

May 2

1,656 manat ($974.1)

May 9

-

Average weekly rate

1,659 manat ($975.8)

Average weekly rate

1,663 manat ($978.2)

During the week, the price of an ounce of palladium in Azerbaijan increased by 20.6 manat ($12.1), or 1.3 percent. The weighted average price of an ounce of palladium increased by 30.3 manat ($17.8), or 1.9 percent, compared to the previous week, to 1,636 manat ($962.3).

Palladium ounce value change

April 28

1,607 manat ($945.2)

May 5

1,628 manat ($957.6)

April 29

1,612 manat ($948.2)

May 6

1,616 manat ($950.5)

April 30

1,591 manat ($935.8)

May 7

1,651 manat ($971.1)

May 1

1,595 manat ($938.2)

May 8

1,649 manat ($969.9)

May 2

1,621 manat ($953.5)

May 9

-

Average weekly rate

1,605 manat ($944.1)

Average weekly rate

1,636 manat ($962.3)

To note, May 9 is recognized as a national holiday in the country, commemorating Victory Day over Fascism. As such, data for that date has not been made available.

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