Azerbaijan sees decline in prices for precious metals

Azerbaijan sees decline in prices for precious metals

BAKU, Azerbaijan, March 1

By Zeyni Jafarov – Trend:

Prices for precious metals in Azerbaijan fell on March 1 compared with previous indicators, Trend reports citing data from the Central Bank of Azerbaijan.

Accordingly, an ounce of gold fell by 35.5215 manat or $20.89 (1.18 percent), amounting to 2,972.3395 manat or $1,748, and an ounce of silver - by 0.8142 manat or 47 cents (1.75 percent), to 45.6236 manat or $26.83. The price per ounce of platinum decreased by 17.68 manat or $10.4 (0.85 percent) and amounted to 2,061.896 manat or $1,212, and per ounce of palladium - by 142.613 manat or $83.89 (3.46 percent), amounting to 3,977.558 manat or $2,339.

In monthly terms, the price of an ounce of gold decreased by 190.5105 manat or $112 (6 percent), and an ounce of silver - by 2.6907 manat or $1.58 (5.6 percent). The price per ounce of platinum increased by 186.2435 manat or $109.5 (9.9 percent), and per ounce of palladium - by 145.2905 manat or $85.46 (3.8 percent).

On an annualized basis, gold rose in price by 185.4955 manat or $109.1 (6.7 percent), silver - by 15.8045 manat or $9.3 (53 percent), platinum - by 570.656 manat or $335.6 (38.3 percent), and palladium fell in price by 783.4195 manat or $46.08 (16.5 percent).

Date:

Gold

(XAU)

Silver

(XAG)

Platinum

(XPT)

Palladium

(XPD)

March 1, 2021

2,972.3395

45.6236

2,061.896

3,977.558

February 26, 2021

3,007.861

46.4378

2,079.576

4,120.171

February 1, 2021

3,162.85

48.3143

1,875.6525

3,832.2675

March 1, 2020

2,786.844

29.8191

1,491.24

4,760.9775

Daily difference:

manat

-35.5215

-0.8142

-17.68

-142.613

%

-1.18

-1.75

-0.85

-3.46

Monthly difference:

manat

-190.5105

-2.6907

186.2435

145.2905

%

-6

-5.6

9.9

3.8

Annual difference:

manat

185.4955

15.8045

570.656

-783.4195

%

6.7

53

38.3

-16.5

(1 USD = 1.7 manat on March 1)

---

Follow the author on Twitter: @jafarov_zeyni

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