Weekly review of Azerbaijan's precious metals market (May 15-22)

BAKU, Azerbaijan, May 23

By Eldar Janashvili – Trend:

The price of one ounce of gold declined by 58.429 manat or $34.37 (2 percent) in Azerbaijan last week, Trend reports.

The average price of one ounce of gold amounted to 2,368.65 manat ($1,390), which is 0.18 percent more compared to the week before.

Last week, the price of one ounce of silver went down by 6.265 manat or $3.69 (2.2 percent).

Accordingly, the average price of one ounce of silver stood at 29.1863 manat ($17.17), which is 10 percent more compared to the week before.

Last week, the price of one ounce of platinum grew by 34.145 manat or $20.09 (2.5 percent).

Accordingly, the average price of one ounce of platinum stood at 1,120.821 manat ($660), which is 0.14 percent less compared to the week before.

Last week, the price of one ounce of palladium went up by 113.424 manat or $66.72 (3.4 percent).

Accordingly, the average price of one ounce of palladium amounted to 2,737.525 manat ($1,610), which is 0.13 percent less compared to the week before.

(1 USD = 1.7 manat on May 23)