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Weekly review of Azerbaijan's precious metals market

Finance Materials 13 October 2024 03:21 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, October 13. The price of an ounce of gold in Azerbaijan decreased by 1.6 manat, or 94 cents (0.04 percent), at the end of this week, Trend reports.

The weighted average cost of an ounce of gold took a nosedive, falling by 35.59 manat, or $20.94 (0.79 percent) compared to last week's figure, landing at 4,476 manat ($2,633).

Gold ounce value change

September 30

4,515 manat ($2,655)

October 7

4,499 manat ($2,646)

October 1

4,488 manat ($2,640)

October 8

4,493 manat ($2,643)

October 2

4,512.4 manat ($2,654.3)

October 9

4,448 manat ($2,616)

October 3

4,522 manat ($2,660)

October 10

4,444 manat ($2,614)

October 4

4,530 manat ($2,664)

October 11

4,497 manat ($2,645)

Weekly average

4,512 manat ($2,654)

Weekly average

4,476 manat ($2,633)

This week, the price of an ounce of silver in Azerbaijan took a dip, dropping by 1.27 manat, which is about 75 cents, marking a decrease of 2.34 percent. The weighted average cost of an ounce of silver came in at 53 manat ($31), which is a smidgen of 1.28 percent or 0.6888 manat (41 cents) lighter than last week's tally.

Silver ounce value change

September 30

53.7 manat ($31.59)

October 7

53.5 manat ($31.47)

October 1

53.3 manat ($31.3)

October 8

53.47 manat ($31.45)

October 2

53 manat ($31.18)

October 9

51.92 manat ($30.54)

October 3

53.67 manat ($31.57)

October 10

51.9 manat ($31.53)

October 4

54.76 manat ($32.2)

October 11

53.26 manat ($31.33)

Weekly average

53.7 manat ($31.59)

Weekly average

53 manat ($31)

This week, the price of an ounce of platinum in Azerbaijan took a nosedive, dropping by 11.67 manat, or $6.86, which is a dip of 0.66 percent. The weighted average cost of an ounce of platinum took a nosedive, dropping by 43.6 manat, or $25.6 (2.58 percent), landing at 1,649 manat ($970) compared to last week's numbers.

Platinum ounce value change

September 30

1,699 manat ($999.4)

October 7

1,675 manat ($985)

October 1

1,674 manat ($984.7)

October 8

1,648 manat ($969)

October 2

1,684 manat ($990)

October 9

1,620 manat ($990)

October 3

1,694 manat ($996.47)

October 10

1,637 manat ($963)

October 4

1,710 manat ($1,005)

October 11

1,664 manat ($979)

Weekly average

1,692 manat ($986.47)

Weekly average

1,649 manat ($970)

The price for an ounce of palladium in Azerbaijan surged by 116.7 manat, or $68.6 (6.75 percent), during this week. The weighted average cost of an ounce of palladium rose by 3.07 percent, or 52.6 manat ($30.9), compared to the indicator of last week, amounting to 1,765 manat ($1,038).

Palladium ounce value change

September 30

1,720 manat ($1,011)

October 7

1,729 manat ($1,017)

October 1

1,703 manat ($1,001)

October 8

1,703 manat ($1,001)

October 2

1,708 manat ($1,004)

October 9

1,742 manat ($1,024)

October 3

1,705 manat ($1,003)

October 10

1,797 manat ($1,057)

October 4

1,728 manat ($1,016)

October 11

1,846 manat ($1,086)

Weekly average

1,713 manat ($1,007)

Weekly average

1,765 manat ($1,038)

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