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Weekly review of Azerbaijan's precious metals market

Finance Materials 22 July 2024 11:24 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, July 22. The price of an ounce of gold in Azerbaijan rose by 19.86 manat or $11.7 (0.48 percent) at the end of last week, Trend reports.

The weighted average cost of an ounce of gold rose by 97.14 manat or $57 (2.4 percent) compared to the previous week's figure, amounting to 4,147 manat ($2,439).

Gold ounce value change

July 8

4,053 manat ($2,369)

July 15

4,099 manat ($2,411)

July 9

4,024 manat ($2,352)

July 16

4,129 manat ($2,429)

July 10

4,025 manat ($2,352)

July 17

4,195 manat ($2,467)

July 11

4,050 manat ($2,367)

July 18

4,191 manat ($2,465)

July 12

4,094 manat ($2,393)

July 19

4,119 manat ($2,423)

Weekly average

4,049 manat ($2,366)

Weekly average

4,147 manat ($2,439)

The price of an ounce of silver in Azerbaijan decreased by 2.3 manat or $1.3 (4.45 percent) last week. The weighted average cost of an ounce of silver amounted to 51.9 manat ($30.5), which is 1.52 percent or 0.8 manat (47 cents) more than the previous week's figure.

Silver ounce value change

July 8

52.8 manat ($30.8)

July 15

52.6 manat ($30.6)

July 9

52.6 manat ($30.7)

July 16

52.3 manat ($30.4)

July 10

52.3 manat ($30.6)

July 17

52.8 manat ($30.8)

July 11

52.7 manat ($30.8)

July 18

51.6 manat ($30.3)

July 12

53 manat ($30.9)

July 19

50 manat ($29.4)

Weekly average

52.7 manat ($30.8)

Weekly average

51.9 manat ($30.5)

The price of an ounce of platinum in Azerbaijan last week declined by 48 manat or $28 (2.86 percent). The weighted average cost of an ounce of platinum dropped by 19 manat or $11 (1.12 percent) to 1,687 manat ($992) compared to the previous week's figure.

Platinum ounce value change

July 8

1,742 manat ($1,018)

July 15

1,692 manat ($995)

July 9

1,719 manat ($1,004)

July 16

1,694 manat ($996)

July 10

1,676 manat ($979.6)

July 17

1,706 manat ($1,003)

July 11

1,690 manat ($987.8)

July 18

1,701 manat ($1,000)

July 12

1,705 manat ($996.6)

July 19

1,643 manat ($996)

Weekly average

1,706 manat ($997.2)

Weekly average

1,687 manat ($992)

The price for an ounce of palladium in Azerbaijan decreased by 48.6 manat or $28.6 (2.98 percent) last week. The weighted average cost of an ounce of palladium fell by 4.39 percent, or 74.5 manat ($43.8) compared to the indicator of the previous week, amounting to 1,624 manat ($955).

Palladium ounce value change

July 8

1,717 manat ($1,003)

July 15

1,633 manat ($960)

July 9

1,734 manat ($1,013)

July 16

1,625 manat ($956)

July 10

1,668 manat ($975)

July 17

1,645 manat ($967)

July 11

1,695 manat ($990.7)

July 18

1,631 manat ($959)

July 12

1,676 manat ($979.6)

July 19

1,584 manat ($932)

Weekly average

1,698 manat ($992.5)

Weekly average

1,624 manat ($955)

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