...

Weekly review of Azerbaijan's precious metals market

Economy Materials 7 June 2025 21:14 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Evez Hasanov
Evez Hasanov
Read more

BAKU, Azerbaijan, June 7. The price of an ounce of gold in Azerbaijan fell by 89.6 manat, or $52.7 (1.6 percent), at the end of this week, Trend reports.

The weighted average cost of an ounce of gold increased by 66.3 manat, or $39 (1.2 percent), compared to last week's figure, totaling 5,695 manat ($3,350).

Gold ounce value change

May 26

5,694 manat ($3,349)

June 2

5,637 manat ($3,315)

May 27

5,662 manat ($3,330)

June 3

5,716 manat ($3,362)

May 28

-

June 4

5,703 manat ($3,354)

May 29

5,558 manat ($3,269)

June 5

5,726 manat ($3,368)

May 30

5,603 manat ($3,295)

June 6

-

Average weekly rate

5,629 manat ($3,311)

Average weekly rate

5,695 manat ($3,350)

The price of an ounce of silver in Azerbaijan increased by 2.30 manat, or $1.35 (4.1 percent), this week. The weighted average cost of an ounce of silver amounted to 57.8 manat, or $34, which is 2.44 percent, or 1.38 manat ($0.81), more than last week's figure.

Silver ounce value change

May 26

56.9 manat ($33.4)

June 2

56.2 manat ($33)

May 27

56.5 manat ($33.2)

June 3

58.1 manat ($34.1)

May 28

-

June 4

58.5 manat ($34.4)

May 29

56.4 manat ($33.1)

June 5

58.6 manat ($34.4)

May 23

56 manat ($32.9)

June 6

-

Average weekly rate

56.5 manat ($33.2)

Average weekly rate

57.8 manat ($34)

The price of an ounce of platinum in Azerbaijan this week surged by 75.4 manat, or $44.3 (4.2 percent). The weighted average cost of an ounce of platinum decreased by 14.7 manat, or $8.64 (0.8 percent), to 1,829 manat ($1,075) compared to last week's figure.

Platinum ounce value change

May 26

1,865 manat ($1,097)

June 2

1,792 manat ($1,054)

May 27

1,844 manat ($1,084)

June 3

1,815 manat ($1,067)

May 28

-

June 4

1,843 manat ($1,084)

May 29

1,837 manat ($1,080)

June 5

1,867 manat ($1,098)

May 30

1,830 manat ($1,076)

June 6

-

Average weekly rate

1,844 manat ($1,084)

Average weekly rate

1,829 manat ($1,075)

During the week, the price of an ounce of palladium in Azerbaijan rose by 49.9 manat ($29.3), or 3 percent. The weighted average price of an ounce of palladium increased by 13.7 manat ($8), or 0.8 percent, compared to last week, to 1,687 manat ($992.3).

Palladium ounce value change

May 26

1,706 manat ($1,003)

June 2

1,651 manat ($971.1)

May 27

1,677 manat ($986.4)

June 3

1,684 manat ($990.5)

May 28

-

June 4

1,710 manat ($1,005)

May 29

1,660 manat ($976.4)

June 5

1,701 manat ($1,000)

May 30

1,649 manat ($970)

June 6

-

Average weekly rate

1,673 manat ($984.1)

Average weekly rate

1,687 manat ($992.3)

Azerbaijan did not publish exchange rate data on May 28 – Independence Day and June 6 – Eid al-Adhay, as the dates fell on non-working days.

Stay up-to-date with more news on Trend News Agency's WhatsApp channel

Tags:
Latest

Latest