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Weekly review of Azerbaijan's precious metals market

Finance Materials 5 August 2024 12:52 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 5. The price of an ounce of gold in Azerbaijan rose by 107.06 manat, or $62.97 (2.63 percent), at the end of last week. The weighted average cost of an ounce of gold rose by 46.7 manat, or $27.47 (1.15 percent) compared to the previous week's figure, amounting to 4,115 manat ($2,420), Trend reports.

Gold ounce value change

July 22

4,089 manat ($2,405)

July 29

4,071 manat ($2,394)

July 23

4,074 manat ($2,396)

July 30

4,056 manat ($2,385)

July 24

4,110 manat ($2,417)

July 31

4,116 manat ($2,421)

July 25

4,042 manat ($2,377)

August 1

4,155 manat ($2,420)

July 26

4,028 manat ($2,369)

August 2

4,178 manat ($2,457)

Weekly average

4,069 manat ($2,393)

Weekly average

4,115 manat ($2,420)

The price of an ounce of silver in Azerbaijan rose by 1.26 manat, or $0.7 (2.65 percent), last week. The weighted average cost of an ounce of silver amounted to 48.4 manat, or $28.4, which is 0.51 percent or 0.25 manat ($0.14) less than the previous week's figure.

Silver ounce value change

July 22

49.5 manat ($29.1)

July 29

47.7 manat ($28)

July 23

49.2 manat ($28.9)

July 30

47.4 manat ($27.8)

July 24

49.8 manat ($29.3)

July 31

48.6 manat ($28.6)

July 25

47.05 manat ($27.6)

August 1

49.1 manat ($28.8)

July 26

47.1 manat ($27.6)

August 2

49 manat ($28.8)

Weekly average

48.6 manat ($28.6)

Weekly average

48.4 manat ($28.4)

The price of an ounce of platinum in Azerbaijan last week rose by 41.29 manat, or $24.28 (2.57 percent). The weighted average cost of an ounce of platinum increased by 24.15 manat, or $14.2 (1.5 percent), to 1,637 manat ($962.9) compared to last week's figure.

Platinum ounce value change

July 22

1,640 manat ($964.7)

July 29

1,609 manat ($946.4)

July 23

1,616 manat ($950.5)

July 30

1,621 manat ($953.5)

July 24

1,611 manat ($947.6)

July 31

1,646 manat ($968.2)

July 25

1,599 manat ($940.5)

August 1

1,658 manat ($981.7)

July 26

1,598 manat ($939.9)

August 2

1,650 manat ($970.5)

Weekly average

1,613 manat ($948.8)

Weekly average

1,637 manat ($962.9)

The price for an ounce of palladium in Azerbaijan decreased by 0.5 manat, or $0.29 (0.03 percent), during the last week. The weighted average cost of an ounce of palladium decreased by 0.55 percent, or 8.5 manat ($5), compared to the indicator of the previous week, amounting to 1,550 manat ($911.7).

Palladium ounce value change

July 22

1,562 manat ($918.8)

July 29

1,548 manat ($910.5)

July 23

1,593 manat ($937)

July 30

1,541 manat ($906.4)

July 24

1,573 manat ($925.3)

July 31

1,535 manat ($902.9)

July 25

1,560 manat ($917.6)

August 1

1,578 manat ($928.2)

July 26

1,558 manat ($916.4)

August 2

1,547 manat ($910)

Weekly average

1,558 manat ($916.4)

Weekly average

1,550 manat ($911.7)

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