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Weekly review of Azerbaijan's precious metals market

Finance Materials 17 August 2024 23:10 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 17. The price of an ounce of gold in Azerbaijan rose by 33 manat, or $19.4 (0.8 percent), at the end of this week. The weighted average cost of an ounce of gold increased by 65.7 manat, or $38.64 (1.6 percent) compared to the previous week's figure, amounting to 4,169 manat ($2,452), Trend reports.

Gold ounce value change

August 5

4,167 manat ($2,451)

August 12

4,136 manat ($2,432)

August 6

4,093 manat ($2,407)

August 13

4,185 manat ($2,461)

August 7

4,068 manat ($2,392)

August 14

4,186 manat ($2,462)

August 8

4,070 manat ($2,394)

August 15

4,170 manat ($2,452)

August 9

4,120 manat ($2,423)

August 16

4,169 manat ($2,452)

Weekly average

4,104 manat ($2,414)

Weekly average

4,169 manat ($2,452)

The price of an ounce of silver in Azerbaijan rose by 1.06 manat, or $0.62 (2.27 percent), this week. The weighted average cost of an ounce of silver amounted to 47.2 manat, or $27.7, which is 0.98 percent or 0.46 manat ($0.27) less than the previous week's figure.

Silver ounce value change

August 5

48.5 manat ($28.53)

August 12

46.7 manat ($27.47)

August 6

46.2 manat ($27.18)

August 13

47.1 manat ($27.71)

August 7

46.3 manat ($27.24)

August 14

47.2 manat ($27.76)

August 8

48.7 manat ($28.65)

August 15

47.1 manat ($27.71)

August 9

46.9 manat ($27.59)

August 16

47.8 manat ($28.12)

Weekly average

46.7 manat ($27.47)

Weekly average

47.2 manat ($27.76)

The price of an ounce of platinum in Azerbaijan this week increased by 45.35 manat, or $26.67 (2.88 percent). The weighted average cost of an ounce of platinum increased by 9.27 manat, or $5.45 (0.56 percent), to 1,591 manat ($935.8) compared to last week's figure.

Platinum ounce value change

August 5

1,617 manat ($951.18)

August 12

1,573 manat ($925.29)

August 5

1,557 manat ($915.88)

August 13

1,593 manat ($937.06)

August 7

1,570 manat ($923.53)

August 14

1,589 manat ($934.71)

August 8

1,573 manat ($925.29)

August 15

1,583 manat ($931.18)

August 9

1,593 manat ($937.06)

August 16

1,618 manat ($951.76)

Weekly average

1,582 manat ($930.59)

Weekly average

1,591 manat ($935.88)

The price for an ounce of palladium in Azerbaijan increased by 47.7 manat, or $28.05 (3.08 percent), during this week. The weighted average cost of an ounce of palladium rose by 4.31 percent, or 65.3 manat ($38.4), compared to the indicator of the previous week, amounting to 1,581 manat ($930).

Palladium ounce value change

August 5

1,506 manat ($885.88)

August 12

1,548 manat ($910.59)

August 6

1,461 manat ($859.41)

August 13

1,564 manat ($920)

August 7

1,505 manat ($885.29)

August 14

1,605 manat ($944.12)

August 8

1,529 manat ($899.41)

August 15

1,594 manat ($937.65)

August 9

1,578 manat ($928.24)

August 16

1,595 manat ($938.24)

Weekly average

1,516 manat ($891.76)

Weekly average

1,581 manat ($930)

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