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Weekly review of Azerbaijan's precious metals market

Finance Materials 10 August 2024 10:20 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 10. The price of an ounce of gold in Azerbaijan fell by 47.5 manat, or $27.76 (1.14 percent), at the end of this week. The weighted average cost of an ounce of gold decreased by 11.6 manat, or $6.7 (0.28 percent) compared to the previous week's figure, amounting to 4,104 manat ($2,399), Trend reports.

Gold ounce value change

July 29

4,071 manat ($2,394)

August 5

4,167 manat ($2,451)

July 30

4,056 manat ($2,385)

August 6

4,093 manat ($2,407)

July 31

4,116 manat ($2,421)

August 7

4,068 manat ($2,392)

August 1

4,155 manat ($2,444)

August 8

4,070 manat ($2,394)

August 2

4,178 manat ($2,457)

August 9

4,120 manat ($2,423)

Weekly average

4,115 manat ($2,420)

Weekly average

4,104 manat ($2,414)

The price of an ounce of silver in Azerbaijan fell by 1.58 manat, or $0.92 (3.27 percent), this week. The weighted average cost of an ounce of silver amounted to 46.7 manat, or $27.3, which is 3.4 percent or 1.64 manat ($0.96) less than the previous week's figure.

Silver ounce value change

July 29

47.7 manat ($28.06)

August 5

48.5 manat ($28.53)

July 30

47.4 manat ($27.88)

August 6

46.2 manat ($27.18)

July 31

48.6 manat ($28.59)

August 7

46.3 manat ($27.24)

August 1

49.1 manat ($28.88)

August 8

45.7 manat ($26.88)

August 2

49 manat ($28.82)

August 9

46.9 manat ($27.59)

Weekly average

48.4 manat ($28.47)

Weekly average

46.7 manat ($27.47)

The price of an ounce of platinum in Azerbaijan last week decreased by 24.18 manat, or $14.1 (1.49 percent). The weighted average cost of an ounce of platinum decreased by 54.88 manat, or $32.08 (3.35 percent), to 1,582 manat ($924.8) compared to last week's figure.

Platinum ounce value change

July 29

1,609 manat ($946.47)

August 5

1,617 manat ($951.18)

July 30

1,621 manat ($953.53)

August 6

1,557 manat ($915.88)

July 31

1,646 manat ($968.24)

August 7

1,570 manat ($923.53)

August 1

1,658 manat ($975.29)

August 8

1,573 manat ($925.29)

August 2

1,650 manat ($970.59)

August 9

1,593 manat ($937.06)

Weekly average

1,637 manat ($962.94)

Weekly average

1,582 manat ($930.59)

The price for an ounce of palladium in Azerbaijan increased by 71.3 manat, or $46.68 (4.73 percent), during this week. The weighted average cost of an ounce of palladium decreased by 33.8 percent, or 2.18 manat ($5), compared to the indicator of the previous week, amounting to 1,516 manat ($886.2).

Palladium ounce value change

July 29

1,548 manat ($910.59)

August 5

1,506 manat ($885.88)

July 30

1,541 manat ($906.47)

August 6

1,461 manat ($859.41)

July 31

1,535 manat ($902.94)

August 7

1,505 manat ($885.29)

August 1

1,578 manat ($928.24)

August 8

1,529 manat ($899.41)

August 2

1,547 manat ($910)

August 9

1,578 manat ($928.24)

Weekly average

1,550 manat ($911.76)

Weekly average

1,516 manat ($891.76)

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