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Weekly review of Azerbaijan's precious metals market

Finance Materials 7 September 2024 18:36 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 7. The price of an ounce of gold in Azerbaijan grew by 36.96 manat, or $21.74 (0.87 percent), at the end of this week, Trend reports.

The weighted average cost of an ounce of gold increased by 18.87 manat, or $11.1 (0.44 percent) compared to last week's figure, amounting to 4,251 manat ($2,500),

Gold ounce value change

August 26

4,266 manat ($2,509)

September 2

4,245 manat ($2,497)

August 27

4,185 manat ($2,461)

September 3

4,242.9 manat ($2,495.8)

August 28

4,270 manat ($2,511)

September 4

4,243.2 manat ($2,496)

August 29

4,277 manat ($2,515)

September 5

4,240 manat ($2,494)

August 30

4,273 manat ($2,513)

September 6

4,282 manat ($2,519)

Weekly average

4,269 manat ($2,452)

Weekly average

4,251 manat ($2,500)

The price of an ounce of silver in Azerbaijan rose by 0.67 manat, or $39 cents (1.4 percent), this week. The weighted average cost of an ounce of silver amounted to 48.29 manat, or $28.4, which is 4.16 percent or 2.09 manat ($1.2) less than last week's figure.

Silver ounce value change

August 26

50.46 manat ($29.7)

September 2

48.36 manat ($28.45)

August 27

47.13 manat ($27.71)

September 3

48.34 manat ($28.44)

August 28

47.2 manat ($27.76)

September 4

47.7 manat ($28)

August 29

47.16 manat ($27.71)

September 5

48 manat ($28.2)

August 30

47.81 manat ($28.12)

September 6

49 manat ($29)

Weekly average

50.4 manat ($29.6)

Weekly average

48.29 manat ($28.4)

The price of an ounce of platinum in Azerbaijan this week increased by 7.89 manat, or $4.64 (0.5 percent). Meanwhile, the weighted average cost of an ounce of platinum dropped by 51 manat, or $30 (3.17 percent), to 1,565 manat ($920.6) compared to last week's figure.

Platinum ounce value change

August 26

1,633 manat ($960.6)

September 2

1,578 manat ($928)

August 27

1,625 manat ($956)

September 3

1,567 manat ($922)

August 28

1,623 manat ($955)

September 4

1,547 manat ($910.8)

August 29

1,598 manat ($940)

September 5

1,548 manat ($910.7)

August 30

1,602 manat ($942)

September 6

1,586 manat ($933)

Weekly average

1,616 manat ($950.6)

Weekly average

1,565 manat ($920.6)

The price for an ounce of palladium in Azerbaijan dropped by 45.5 manat, or $26.7 (2.77 percent), during this week. The weighted average cost of an ounce of palladium decreased by 1.38 percent, or 22.6 manat ($12.3), compared to the indicator of the previous week, amounting to 1,618 manat ($937).

Palladium ounce value change

August 26

1,625 manat ($956)

September 2

1,645 manat ($967)

August 27

1,637 manat ($963)

September 3

1,655 manat ($973)

August 28

1,648 manat ($969)

September 4

1,604 manat ($943)

August 29

1,623 manat ($955)

September 5

1,589 manat ($935)

August 30

1,672 manat ($983)

September 6

1,599 manat ($941)

Weekly average

1,641 manat ($965)

Weekly average

1,618 manat ($937)

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