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Weekly review of Azerbaijan's precious metals market

Economy Materials 1 June 2025 10:12 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, June 1.​ The price of an ounce of gold in Azerbaijan fell by 91.7 manat, or $53.9 (1.6 percent), at the end of this week, Trend reports.

The weighted average cost of an ounce of gold went up by 56.8 manat, or $33.4 (1 percent), compared to last week's figure, amounting to 5,629 manat ($3,311).

Gold ounce value change

May 19

5,469 manat ($3,217)

May 26

5,694 manat ($3,349)

May 20

5,471 manat ($3,218)

May 27

5,662 manat ($3,330)

May 21

5,612 manat ($3,301)

May 28

-

May 22

5,675 manat ($3,338)

May 29

5,558 manat ($3,269)

May 23

5,634 manat ($3,314)

May 30

5,603 manat ($3,295)

Average weekly rate

5,572 manat ($3,277)

Average weekly rate

5,629 manat ($3,311)

The price of an ounce of silver in Azerbaijan decreased by 0.86 manat, or $0.50 (1.5 percent), this week. The weighted average cost of an ounce of silver amounted to 56.5 manat, or $33.2, which is 1 percent, or 0.57 manat ($0.33), more than last week's figure.

Silver ounce value change

May 19

55 manat ($32.3)

May 26

56.9 manat ($33.4)

May 20

54.8 manat ($32.2)

May 27

56.5 manat ($33.2)

May 21

56.2 manat ($33)

May 28

-

May 22

57.2 manat ($33.6)

May 29

56.4 manat ($33.1)

May 23

56.4 manat ($33.1)

May 30

56 manat ($32.9)

Average weekly rate

55.9 manat ($32.8)

Average weekly rate

56.5 manat ($33.2)

The price of an ounce of platinum in Azerbaijan this week declined by 34.6 manat, or $20.3 (1.9 percent). The weighted average cost of an ounce of platinum increased by 73.6 manat, or $43.2 (4.2 percent), to 1,844 manat ($1,084) compared to last week's figure.

Platinum ounce value change

May 19

1,690 manat ($994.1)

May 26

1,865 manat ($1,097)

May 20

1,707 manat ($1,004)

May 27

1,844 manat ($1,084)

May 21

1,776 manat ($1,044)

May 28

-

May 22

1,829 manat ($1,075)

May 29

1,837 manat ($1,080)

May 23

1,850 manat ($1,088)

May 30

1,830 manat ($1,076)

Average weekly rate

1,770 manat ($1,041)

Average weekly rate

1,844 manat ($1,084)

During the week, the price of an ounce of palladium in Azerbaijan fell by 57 manat ($33.5), or 3.3 percent. The weighted average price of an ounce of palladium decreased by 23.8 manat ($14), or 1.4 percent, compared to last week, to 1,673 manat ($984.1).

Palladium ounce value change

May 19

1,644 manat ($967)

May 26

1,706 manat ($1,003)

May 20

1,658 manat ($975.2)

May 27

1,677 manat ($986.4)

May 21

1,713 manat ($1,007)

May 28

-

May 22

1,747 manat ($1,027)

May 29

1,660 manat ($976.4)

May 23

1,722 manat ($1,012)

May 30

1,649 manat ($970)

Average weekly rate

1,697 manat ($998.2)

Average weekly rate

1,673 manat ($984.1)

Azerbaijan did not publish exchange rate data on May 28, a national holiday marking Independence Day, as the date fell on a non-working day.

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