Weekly review of Azerbaijan's precious metals market (July 31-August 7)

BAKU, Azerbaijan, Aug.8

By Eldar Janashvili – Trend:

Last week, an ounce of gold in Azerbaijan surged by 145.385 manat or $85.52 (4.3 percent).

The average price of one ounce of gold amounted to 3,444.107 manat ($2,025.95), which is 4 percent more compared to the week before.

Last week, the price of an ounce of silver in Azerbaijan spiked by 69.024 manat or $40.06 cents (16.6 percent).

Accordingly, the average price of one ounce of silver stood at 44.9997 manat ($26.47), which is 8.9 percent more compared to the week before.

Last week, an ounce of platinum in Azerbaijan increased by 76.874 manat or $45.22 (4.9 percent).

Accordingly, the average price of one ounce of platinum stood at 1,624.914 manat ($955.83), which is 2.2 percent more compared to the week before.

Last week, the price of an ounce of palladium in Azerbaijan surged by 195.7635 manat or $115.15 (5.5 percent).

Accordingly, the average price of one ounce of palladium amounted to 3,369.9355 manat ($1,982.31), which is 3.6 percent less compared to the week before.

(1 USD = 1.7 manat on Aug.8)