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Weekly review of Azerbaijan's precious metals market

Finance Materials 27 August 2024 00:15 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 27. The price of an ounce of gold in Azerbaijan dropped by 12 manat, or $7.2 (0.29 percent), at the end of last week. The weighted average cost of an ounce of gold increased by 84.8 manat, or $49.9 (2.03 percent) compared to the previous week's figure, amounting to 4,254 manat ($2,502), Trend reports.

Gold ounce value change

August 12

4,136 manat ($2,432)

August 19

4,251 manat ($2,500)

August 13

4,185 manat ($2,461)

August 20

4,251 manat ($2,500)

August 14

4,186 manat ($2,462)

August 21

4,277 manat ($2,515)

August 15

4,170 manat ($2,452)

August 22

4,253 manat ($2,501)

August 16

4,169 manat ($2,452)

August 23

4,239 manat ($2,493)

Weekly average

4,169 manat ($2,452)

Weekly average

4,254 manat ($2,502)

The price of an ounce of silver in Azerbaijan rose by 0.45 manat, or $0.26 (0.92 percent), last week. The weighted average cost of an ounce of silver amounted to 49.79 manat, or $29.29, which is 5.47 percent or 2.58 manat ($1.51) more than the previous week's figure.

Silver ounce value change

August 12

46.75 manat ($27.47)

August 19

49.21 manat ($28.95)

August 13

47.13 manat ($27.71)

August 20

49.85 manat ($29.32)

August 14

47.2 manat ($27.76)

August 21

50.17 manat ($29.51)

August 15

47.16 manat ($27.71)

August 22

50.07 manat ($29.45)

August 16

47.81 manat ($28.12)

August 23

49.67 manat ($29.22)

Weekly average

47.2 manat ($27.76)

Weekly average

49.79 manat ($29.29)

The price of an ounce of platinum in Azerbaijan last week decreased by 3.25 manat, or $1.91 (0.2 percent). The weighted average cost of an ounce of platinum increased by 36.5 manat, or $21.47 (2.29 percent), to 1,628 manat ($957.6) compared to the previous week's figure.

Platinum ounce value change

August 12

1,573 manat ($925.29)

August 19

1,626 manat ($956.47 )

August 13

1,593 manat ($937.06)

August 20

1,631 manat ($959.41)

August 14

1,589 manat ($934.71)

August 21

1,618 manat ($951.76)

August 15

1,583 manat ($931.18)

August 22

1,642 manat ($965.88)

August 16

1,618 manat ($951.76)

August 23

1,623 manat ($954.71)

Weekly average

1,591 manat ($935.88)

Weekly average

1,628 manat ($957.65)

The price for an ounce of palladium in Azerbaijan decreased by 20.98 manat, or $12.34 (1.3 percent), during last week. The weighted average cost of an ounce of palladium rose by 0.81 percent, or 12.84 manat ($7.55), compared to the indicator of the previous week, amounting to 1,594 manat ($937).

Palladium ounce value change

August 12

1,548 manat ($910.59)

August 19

1,608 manat ($945.88)

August 13

1,564 manat ($920)

August 20

1,573 manat ($925.29)

August 14

1,605 manat ($944.12)

August 21

1,579 manat ($928.82)

August 15

1,594 manat ($937.65)

August 22

1,623 manat ($954.71)

August 16

1,595 manat ($938.24)

August 23

1,587 manat ($933.53)

Weekly average

1,581 manat ($930)

Weekly average

1,594 manat ($937.65)

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