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Price on gold in Azerbaijan edges up

Finance Materials 18 August 2020 12:34 (UTC +04:00)

BAKU, Azerbaijan, Aug.18

By Eldar Janashvili - Trend:

The price of gold grew in Azerbaijan on August 18 compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA).

The price of gold went up by 81.6935 manat or $48.05 (2.5 percent) and amounted to 3,385.5775 manat or $1,991.52 per ounce.

The price of silver increased by 2.3811 manat or $1.4 (5.3 percent) and amounted to 47.2866 manat ($27.82).

The price of platinum rose by 15.861 manat or $9.33 (1 percent) and amounted to 1,637.4485 manat ($963.2).

The price of palladium grew by 30.9825 manat or $18.22 (0.8 percent) and amounted to 3,713.939 manat ($2,184.67).

In monthly terms, the price of gold spiked by 327.93 manat or $192.9 (10.7 percent) per ounce, silver went up by 14.8606 manat or $8.74 (5.3 percent) per ounce, platinum soared by 228.735 manat or $134.55 (16.2 percent) per ounce and palladium surged by 354.62 manat or $208.6 (0.9 percent).

On annualized basis, the price of gold rose by 798.252 manat or $421.5 (10.7 percent), silver - by 17.9828 manat or $10.58 (61.4 percent), platinum – by 212.908 manat or $125.24 (14.9 percent) and palladium - by 1,248.361 manat or $734.33 (50.6 percent).

Precious markets

Gold

(XAU)

Silver

(XAG)

Platinum

(XPT)

Palladium

(XPD)

Aug.18, 2020

3385,5755

47,2866

1637,4485

3713,939

Aug.17, 2020

3303,882

44,9055

1621,5875

3682,9565

July 18, 2020

3057,6455

32,4258

1408,7135

3359,319

Aug.18, 2019

2587,3235

29,3038

1424,5405

2465,578

Change in a day

in manat

81,6935

2,3811

15,861

30,9825

in %

2,47

5,3

0,98

0,84

Change in a month

in manat

327,93

14,8608

228,735

354,62

in %

10,7

45,8

16,2

10,6

Change in a year

in manat

798,252

17,9828

212,908

1248,361

in %

30,9

61,4

14,9

50,6

The precious metals are sold as ingots, coins or powder and have the appropriate quality certificates.Precious metals are gold, silver, platinum and metals of platinum group (palladium, iridium, ruthenium, rhodium, and osmium) brought to the highest fineness (999.9).

Troy ounce is a unit of mass equal to 31.1034768 grams.

(1 USD = 1.7 manat on Aug.18)

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Follow the author on Twitter: @eldarjanashvili

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