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Weekly review of Azerbaijan's precious metals market

Finance Materials 6 July 2024 14:15 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, July 6. The price of an ounce of gold increased by 70 manat, or $41 (1.78 percent), this week, Trend reports.

In comparison to the previous week's data, the weighted average cost of one ounce of gold grew by 35.7 manat, or $21 (0.91 percent), amounting to 3,980 manat ($2,341).

Gold ounce value change

June 24

3,952 manat ($2,325)

July 1

3,948 manat ($2,322)

June 25

3,956 manat ($2,327)

July 2

3,956 manat ($2,327)

June 26

3,956 manat ($2,327)

July 3

3,968 manat ($2,327)

June 27

3,911 manat ($2,300)

July 4

4,009 manat ($2,300)

June 28

3,947 manat ($2,323)

July 5

4,018 manat ($2,363)

Weekly average

3,944 manat ($2,320)

Weekly average

3,980 manat ($2,341)

This week, the price of an ounce of silver in Azerbaijan rose by 2.65 manat ($1.56), or 1.73 percent.

The weighted average cost of an ounce of silver amounted to 50.7 manat ($29.8), which is 1.79 percent, or 0.9 manat (53 cents) more than last week's figure.

Silver ounce value change

June 24

50.25 manat ($29.56)

July 1

49.3 manat ($29)

June 25

50.2 manat ($29.53)

July 2

49.7 manat ($29.2)

June 26

50.2 manat ($29.53)

July 3

50.5 manat ($30)

June 27

49 manat ($28.8)

July 4

51.7 manat ($30.4)

June 28

49.4 manat ($29)

July 5

52 manat ($30.6)

Weekly average

49.8 manat ($29.3)

Weekly average

50.7 manat ($29.8)

This week, the price of an ounce of platinum in Azerbaijan jumped by 22 manat ($13), or 1.31 percent.

The weighted average cost of an ounce of platinum went up by 9.7 manat, or $5.7 (0.57 percent), to 1,694 manat ($996) compared to last week's figure.

Platinum ounce value change

June 24

1,687 manat ($992)

July 1

1,686 manat ($992)

June 25

1,709 manat ($1,005)

July 2

1,664 manat ($979)

June 26

1,709 manat ($1,005)

July 3

1,698 manat ($999)

June 27

1,716 manat ($1,009)

July 4

1,713 manat ($1,006)

June 28

1,697 manat ($998)

July 5

1,708 manat ($1,005)

Weekly average

1,704 manat ($1,002)

Weekly average

1,694 manat ($996)

During this week, the price per ounce of palladium in Azerbaijan climbed by 80 manat, or $47 (4.8 percent).

The weighted average cost of an ounce of palladium increased by 4.49 percent, or 73.57 manat ($43.3), compared to the indicator of last week, amounting to 1,712 manat ($964).

Palladium ounce value change

June 24

1,629 manat ($958)

July 1

1,667 manat ($980.6)

June 25

1,687 manat ($992)

July 2

1,672 manat ($983)

June 26

1,687 manat ($992)

July 3

1,736 manat ($1,021)

June 27

1,578 manat ($928)

July 4

1,739 manat ($1,023)

June 28

1,613 manat ($949)

July 5

1,747 manat ($1,028)

Weekly average

1,639 manat ($964)

Weekly average

1,712 manat ($964)

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