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Prices on precious metals in Azerbaijan decrease

Finance Materials 3 October 2020 10:24 (UTC +04:00)
Prices on precious metals in Azerbaijan decrease

BAKU, Azerbaijan, Oct.3

By Zeyni Jafarov - Trend:

The prices on precious metals decreased in Azerbaijan on October 2 compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA).

The price of gold went down by 4.284 manat or $2.52 (0.13 percent) and amounted to 3,215.312 manat ($1,892.47) per ounce.

The price of silver decreased by 0.0024 manat or 14 cents (0.01 percent) and amounted to 40.1363 manat ($23.62) per ounce.

The price of platinum declined by 29.665 manat or $17.46 (1.93 percent) to 1,509.311 manat ($888.35) per ounce.

The price of palladium slipped by 18.0795 manat or $10.64 (0.46 percent) and amounted to 3,936.112 manat ($2,316.72) per ounce.

In monthly terms, the price of gold plunged by 121.1505 manat or $71.31 (3.6 percent) per ounce, silver went down by 7.4246 manat, or $4.37 (15.6 percent) per ounce, platinum declined by 84.7025 manat or $49.85 (5.3 percent) per ounce, and palladium climbed by 96.016 manat or $56.51 (by 2.5 percent).

On an annualized basis, the price of gold spiked by 705.5 manat or $415.24 (28.1 percent), silver rose by 10.879 manat, or $6.4 (37.2 percent), platinum grew by 27.438 manat, or $16.15 (1.9 percent), while palladium surged by 1,132.37 manat, or $666.49 (40.4 percent).

Precious markets

Gold

(XAU)

Silver

(XAG)

Platinum

(XPT)

Palladium

(XPD)

Oct.2, 2020

3,215.312

40.1363

1,509.311

3,936.112

Oct.1, 2020

3,219.596

40.1387

1,538.976

3954.1915

Sept.2, 2020

3,336.4625

47.5609

1,594.0135

3840.096

Oct.2, 2019

2,509.812

29.2573

1,481.873

2,803.742

Change in a day

in man.

-4.284

-0.0024

-29.665

-18.0795

%

-0.13

-0.01

-1.93

-0.46

Change in a day

Change in a month

in man.

-121.1505

-7.4246

-84.7025

96.016

in man.

-3.6

-15.6

-5.3

2.5

Change in a year

in man.

705.5

10.879

27.438

1132.37

%

28.1

37.2

1.9

40.4

Precious metals are gold, silver, platinum, and metals of platinum group (palladium, iridium, ruthenium, rhodium, and osmium) brought to the highest fineness (999.9).

The precious metals are sold as ingots, coins, or powder and have the appropriate quality certificates.

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

(1 USD = 1.7 AZN on Oct.2)

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Follow the author on Twitter: @jafarov_zeyni

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