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Weekly review of Azerbaijan's precious metals market

Finance Materials 28 September 2024 14:32 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 28. The price of an ounce of gold in Azerbaijan tumbled by 70.38 manat, or $41.4 (1.57 percent), at the end of this week, Trend reports.

The weighted average cost of an ounce of gold soared by 124.77 manat, or $73.39 (2.85 percent) compared to last week's figure, amounting to 4,507 manat ($2,651).

Gold ounce value change

September 16

4,395 manat ($2,585)

September 23

4,470 manat ($2,629)

September 17

4,380 manat ($2,576)

September 24

4,483 manat ($2,637)

September 18

4,366 manat ($2,568)

September 25

4,520 manat ($2, 658)

September 19

4,359 manat ($2,564)

September 26

4,522 manat ($2,660)

September 20

4,409 manat ($2,593)

September 27

4,540 manat ($2,670)

Weekly average

4,382 manat ($2,577)

Weekly average

4,507 manat ($2,651)

The price of an ounce of silver in Azerbaijan rose by 1.4 manat, or 82 cents (0.23 percent), this week. The weighted average cost of an ounce of silver amounted to 53.69 manat ($31.58), which is 2.8 percent or 1.46 manat (86 cents) more than last week's figure.

Silver ounce value change

September 16

52.67 manat ($30.9)

September 23

52.88 manat ($31)

September 17

52.27 manat ($30.7)

September 24

52.87 manat ($30.9)

September 18

51.68 manat ($30.4)

September 25

54.26 manat ($31.92)

September 19

51.7 manat ($30.43)

September 26

54.18 manat ($31.87)

September 20

52.8 manat ($31)

September 27

54.29 manat ($31.9)

Weekly average

52.2 manat ($30.7)

Weekly average

53.69 manat ($31.58)

The price of an ounce of platinum in Azerbaijan this week increased by 56.97 manat, or $33.5 (3.45 percent). The weighted average cost of an ounce of platinum went down by 1.38 manat, or 81 cents (3.54 percent), to 1,677 manat ($986.47) compared to last week's figure.

Platinum ounce value change

September 16

1,703 manat ($1,001)

September 23

1,652 manat ($971.7)

September 17

1,679.9 manat ($988)

September 24

1,649 manat ($970)

September 18

1,668 manat ($981)

September 25

1,678 manat ($987)

September 19

1,662 manat ($977.6)

September 26

1,698 manat ($998.8)

September 20

1,681 manat ($988.8)

September 27

1,709 manat ($1,005)

Weekly average

1,679 manat ($987.6)

Weekly average

1,677 manat ($986.47)

The price for an ounce of palladium in Azerbaijan dropped by 33.48 manat, or $19.69 (1.86 percent), during this week. The weighted average cost of an ounce of palladium lowered by 3.12 percent, or 57.6 manat ($33.88), compared to the indicator of the previous week, amounting to 1,789 manat ($1,052).

Palladium ounce value change

September 16

1,829 manat ($1,076)

September 23

1,802 manat ($1,060)

September 17

1,851 manat ($1,089)

September 24

1,799 manat ($1,058)

September 18

1,887 manat ($1,110)

September 25

1,788 manat ($1,051)

September 19

1,817 manat ($1,069)

September 26

1,786 manat ($1,050)

September 20

1,847 manat ($1,086)

September 27

1,768 manat ($1,040)

Weekly average

1,846 manat ($1,086)

Weekly average

1,789 manat ($1,052)

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