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Weekly review of Azerbaijan's precious metals market

Finance Materials 19 October 2024 16:16 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, October 19. The price of an ounce of gold in Azerbaijan tumbled by 87.15 manat, or $51.26 (1.93 percent), at the end of this week, Trend reports.

The weighted average cost of an ounce of gold grew by 65.97 manat, or $38.8 (1.47 percent) compared to last week's figure, settling at 4,542 manat ($2,671).

Gold ounce value change

October 7

4,499 manat ($2,646)

October 14

4,520 manat ($2,658)

October 8

4,493 manat ($2,643)

October 15

4,495 manat ($2,644)

October 9

4,448 manat ($2,616)

October 16

4,533 manat ($2,666)

October 10

4,444 manat ($2,614)

October 17

4,554 manat ($2,678)

October 11

4,497 manat ($2,645)

October 18

4,608 manat ($2,710)

Weekly average

4,476 manat ($2,633)

Weekly average

4,542 manat ($2,671)

This week, the price of an ounce of silver in Azerbaijan rose by 1.19 manat (70 cents), or 2.34 percent. The weighted average cost of an ounce of silver came in at 53.63 manat ($31.55), which is a smidgen of 1.16 percent or 0.6127 manat (36 cents) heavier than last week's tally.

Silver ounce value change

October 7

53.5 manat ($31.47)

October 14

53.28 manat ($31.34)

October 8

53.47 manat ($31.45)

October 15

52.84 manat ($31.08)

October 9

51.92 manat ($30.54)

October 16

53.83 manat ($31.66)

October 10

51.9 manat ($31.53)

October 17

53.7 manat ($31.59)

October 11

53.26 manat ($31.33)

October 18

54.47 manat ($32)

Weekly average

53 manat ($31)

Weekly average

53.63 manat ($31.55)

This week, the price of an ounce of platinum in Azerbaijan increased by 40.3 manat ($23.7), or 2.43 percent. The weighted average cost of an ounce of platinum grew by 41.34 manat, or $24.3 (2.58 percent), settling at 1,690 manat ($994) compared to last week's numbers.

Platinum ounce value change

October 7

1,675 manat ($985)

October 14

1,662 manat ($977)

October 8

1,648 manat ($969)

October 15

1,680 manat ($988)

October 9

1,620 manat ($990)

October 16

1,696 manat ($997)

October 10

1,637 manat ($963)

October 17

1,709 manat ($1,005)

October 11

1,664 manat ($979)

October 18

1,703 manat ($1,001)

Weekly average

1,649 manat ($970)

Weekly average

1,690 manat ($994)

The price for an ounce of palladium in Azerbaijan decreased by 11.67 manat, or $6.86 (0.65 percent), during this week. The weighted average cost of an ounce of palladium went down by 0.28 percent, or 4.99 manat ($2.94), compared to the indicator of last week, amounting to 1,760 manat ($1,035).

Palladium ounce value change

October 7

1,729 manat ($1,017)

October 14

1,804 manat ($1,061)

October 8

1,703 manat ($1,001)

October 15

1,733 manat ($1,019)

October 9

1,742 manat ($1,024)

October 16

1,729 manat ($1,017)

October 10

1,797 manat ($1,057)

October 17

1,744 manat ($1,025)

October 11

1,846 manat ($1,086)

October 18

1,792 manat ($1,054)

Weekly average

1,765 manat ($1,038)

Weekly average

1,760 manat ($1,035

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