Weekly review of Azerbaijan's precious metals market

Weekly review of Azerbaijan's precious metals market

BAKU, Azerbaijan, March 30

By Eldar Janashvili – Trend:

Last week, the price of one ounce of gold increased by 265.88 manat ($156.4) or 10.6 percent in Azerbaijan, Trend reports.

The average price of one ounce of gold stood at 2,767 manat ($1,627).

Change in price of one ounce of gold

March 16

2,627.5880

March 23

March 17

2,553.8080

March 24-25

March 18

2,598.0505

March 26-27

March 19

2,501.9750

March 27-28

March 20

2,501.9750

March 28-29

2,767.8635

Average weekly

2,556.6793

Average weekly

2,767.8635

Last week, the price of one ounce of silver increased by 4.2236 manat ($2.4) or 20.7 percent in Azerbaijan.

Accordingly, the average price of one ounce of silver stood at 24.596 manat ($14.4).

Change in price of one ounce of silver

March 16

24.995

March 23

-

March 17

21.9344

March 24-25

-

March 18

21.783

March 26-27

-

March 19

20.3724

March 27-28

-

March 20

20.3724

March 28-29

24.596

Average weekly

21.8914

Average weekly

24.596

Last week, the price of one ounce of platinum increased by 220.167 manat ($129.5) or 21 percent in Azerbaijan.

Accordingly, the average price of one ounce of platinum stood at 1,266 manat ($744.7).

Change in price of one ounce of platinum

March 16

1,304.886

March 23

-

March 17

1,155.609

March 24-25

-

March 18

1,142.2895

March 26-27

-

March 19

1,045.942

March 27-28

-

March 20

1,045.942

March 28-29

1,266.109

Average weekly

1,132.9337

Average weekly

1,266.109

Last week, the price of one ounce of palladium increased by 1,208.411 manat ($710) or 45.7 percent in Azerbaijan.

Accordingly, the average price of one ounce of palladium stood at 3,851 manat ($2,265).

Change in price of one ounce of palladium

March 16

3,041.0535

March 23

-

March 17

2,814.4860

March 24-25

-

March 18

2,822.3400

March 26-27

-

March 19

2,642.7180

March 27-28

-

March 20

2,642.7180

March 28-29

3,851.129

Average weekly

2,792.6631

Average weekly

3,851.129

There were days off in Azerbaijan from March 20 through 28 due to the Novruz holiday

Precious metals

March 29, 2020

March 19, 2020

Gold

XAU

2767,8635

2,501.9750

Silver

XAG

24,5960

20.3724

Platinum

XPT

1266,1090

1,045.9420

Palladium

XPD

3851,1290

2,642.7180

---

Follow the author on Twitter: @eldarjanashvili

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