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Weekly review of Azerbaijan's precious metals market

Finance Materials 26 October 2024 20:39 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, October 26. The price of an ounce of gold in Azerbaijan decreased by 5.54 manat, or $3.26 (0.12 percent), at the end of this week, Trend reports.

However, еhe weighted average cost of an ounce of gold took a nosedive, dropping by 104.8 manat, or $61.6 (2.31 percent) compared to last week's figure, landing at 4,647 manat ($2,733).

Gold ounce value change

October 14

4,520 manat ($2,658)

October 21

4,640 manat ($2,729)

October 15

4,495 manat ($2,644)

October 22

4,649 manat ($2,734)

October 16

4,533 manat ($2,666)

October 23

4,675 manat ($2,666)

October 17

4,554 manat ($2,678)

October 24

4,635 manat ($2,726)

October 18

4,608 manat ($2,710)

October 25

4,635 manat ($2,726)

Weekly average

4,542 manat ($2,671)

Weekly average

4,647 manat ($2,733)

This week, the price of an ounce of silver in Azerbaijan went down by 0.85 manat (50 cents), or 1.49 percent. The weighted average cost of an ounce of silver came in at 57.89 manat ($34), which is 7.96 percent or 4.26 manat ($2.5) heavier than last week's tally.

Silver ounce value change

October 14

53.28 manat ($31.34)

October 21

57.78 manat ($34)

October 15

52.84 manat ($31.08)

October 22

58.1 manat ($34.18)

October 16

53.83 manat ($31.66)

October 23

59 manat ($34.7)

October 17

53.7 manat ($31.59)

October 24

57.66 manat ($33.92)

October 18

54.47 manat ($32)

October 25

56.9 manat ($33.47)

Weekly average

53.63 manat ($31.55)

Weekly average

57.89 manat ($34.05)

This week, the price of an ounce of platinum in Azerbaijan lowered by 14.28 manat ($8.4), or 0.82 percent. Meanwhile, the weighted average cost of an ounce of platinum grew by 49.18 manat, or $28.9 (2.91 percent), settling at 1,739 manat ($1,023) compared to last week's numbers.

Platinum ounce value change

October 14

1,662 manat ($977)

October 21

1,738 manat ($1,022)

October 15

1,680 manat ($988)

October 22

1,720 manat ($1,011)

October 16

1,696 manat ($997)

October 23

1,763 manat ($1,037)

October 17

1,709 manat ($1,005)

October 24

1,751 manat ($1,030)

October 18

1,703 manat ($1,001)

October 25

1,724 manat ($1,014)

Weekly average

1,690 manat ($994)

Weekly average

1,739 manat ($1,023)

The price for an ounce of palladium in Azerbaijan rose by 77.4 manat, or $45.53 (4.18 percent), during this week. The weighted average cost of an ounce of palladium grew by 6.1 percent, or 107.37 manat ($45.5), compared to the indicator of last week, amounting to 1,868 manat ($1,099).

Palladium ounce value change

October 14

1,804 manat ($1,061)

October 21

1,853 manat ($1,090)

October 15

1,733 manat ($1,019)

October 22

1,816 manat ($1,068)

October 16

1,729 manat ($1,017)

October 23

1,841 manat ($1,083)

October 17

1,744 manat ($1,025)

October 24

1,899 manat ($1,117)

October 18

1,792 manat ($1,054)

October 25

1,930 manat ($1,135)

Weekly average

1,760 manat ($1,035

Weekly average

1,868 manat ($1,099)

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