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Weekly review of Azerbaijan's precious metals market (May 1- 8)

Finance Materials 9 May 2020 14:21 (UTC +04:00)

BAKU, Azerbaijan, May 9

By Fidan Babayeva – Trend:

The price of one ounce of gold decreased by 7.1944 manat ($4.232) in Azerbaijan last week, Trend reports.

The average price of one ounce of gold stood at 2,892.8154 manat ($1,701), which is 0.24 percent less compared to the week before.

Change in price of one ounce of gold

April 27

2,926.652

May 4

2,887.646

April 28

2,886.549

May 5

2,887.569

April 29

2,907.995

May 6

2,895.058

April 30

2,910.468

May 7

2,876.332

May 1

2,868.385

May 8

2,917.472

Average weekly

2,900.0098

Average weekly

2,892/8154

Last week, the price of one ounce of silver decreased by 0.78008 manat (4.5 cents).

Accordingly, the average price of one ounce of silver stood at 25.57052 manat ($15), which is 3.05 percent less compared to the week before.

Change in price of one ounce of silver

April 27

26.0155

May 4

25.4023

April 28

25.6243

May 5

25.1409

April 29

25.8295

May 6

25.5967

April 30

25.9995

May 7

25.4783

May 1

25.4078

May 8

26.2344

Average weekly

25.77532

Average weekly

25.57052

Last week, the price of one ounce of platinum decreased by 19.1832 manat ($11.2).

Accordingly, the average price of one ounce of platinum stood at 1,304.2948 manat ($767.2), which is 1.47 percent less compared to the week before.

Change in price of one ounce of platinum

April 27

1,311.712

May 4

1,301.648

April 28

1,293.751

May 5

1,304.733

April 29

1,323.255

May 6

1,305.456

April 30

1,323.62

May 7

1,299.319

May 1

1,311.287

May 8

1,310.318

Average weekly

1,312.725

Average weekly

1,304.2948

Last week, the price of one ounce of palladium decreased by 635.9068 manat ($374).

Accordingly, the average price of one ounce of palladium stood at 3,166.9932 manat ($1,863), which is 20.07 percent less compared to the week before.

Change in price of one ounce of palladium

April 27

3,513.475

May 4

3,273.044

April 28

3,309.611

May 5

3,171.563

April 29

3,361.827

May 6

3,089.487

April 30

3,337.304

May 7

3,095.93

May 1

3,340.322

May 8

3,204.942

Average weekly

3,372.5078

Average weekly

3,166.9932

(1 USD = 1.7 manat on May 9).

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