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Weekly review of Azerbaijan's precious metals market

Finance Materials 2 November 2024 22:15 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 2. The price of an ounce of gold in Azerbaijan increased by 33.1 manat, or $19.47 (0.71 percent), at the end of this week, Trend reports.

The weighted average cost of an ounce of gold grew by 46.14 manat, or $27 (2.31 percent) compared to last week's figure, landing at 4,693 manat ($2,760).

Gold ounce value change

October 21

4,640 manat ($2,729)

October 28

4,646 manat ($2,733)

October 22

4,649 manat ($2,734)

October 29

4,683 manat ($2,754)

October 23

4,675 manat ($2,666)

October 30

4,723 manat ($2,778)

October 24

4,635 manat ($2,726)

October 31

4,733 manat ($2,784)

October 25

4,635 manat ($2,726)

November 1

4,679 manat ($2,752)

Weekly average

4,647 manat ($2,733)

Weekly average

4,693 manat ($2,760)

This week, the price of an ounce of silver in Azerbaijan went down by 0.9 manat (53 cents), or 1.62 percent. The weighted average cost of an ounce of silver came in at 57 manat ($33.5), which is 1.49 percent or 0.86 manat (51 cents) lighter than last week's tally.

Silver ounce value change

October 21

57.78 manat ($34)

October 28

56.6 manat ($33)

October 22

58.1 manat ($34.18)

October 29

57.7 manat ($33.9)

October 23

59 manat ($34.7)

October 30

59 manat ($34.7)

October 24

57.66 manat ($33.92)

October 31

57.66 manat ($33.92)

October 25

56.9 manat ($33.47)

November 1

55.7 manat ($37.76)

Weekly average

57.89 manat ($34.05)

Weekly average

57 manat ($33.5)

This week, the price of an ounce of platinum in Azerbaijan lowered by 43.38 manat ($25.5), or 2.5 percent. Meanwhile, the weighted average cost of an ounce of platinum declined by 1.12 manat, or 66 cents (2.91 percent), settling at 1,738 manat ($1,022) compared to last week's numbers.

Platinum ounce value change

October 21

1,738 manat ($1,022)

October 28

1,732 manat ($1,018)

October 22

1,720 manat ($1,011)

October 29

1,778 manat ($1,045)

October 23

1,763 manat ($1,037)

October 30

1,763 manat ($1,037)

October 24

1,751 manat ($1,030)

October 31

1,711 manat ($1,006)

October 25

1,724 manat ($1,014)

November 1

1,689 manat ($993)

Weekly average

1,739 manat ($1,023)

Weekly average

1,738 manat ($1,022)

The price for an ounce of palladium in Azerbaijan took a nosedive, settling at 133.8 manat, or $78.7 (6.59 percent), during this week. However, the weighted average cost of an ounce of palladium grew by 7.09 percent, or 132.4 manat ($77.88), compared to the indicator of last week, amounting to 2,000 manat ($1,176).

Palladium ounce value change

October 21

1,853 manat ($1,090)

October 28

2,031 manat ($1,194)

October 22

1,816 manat ($1,068)

October 29

2,098 manat ($1,234)

October 23

1,841 manat ($1,083)

October 30

2,042 manat ($1,201)

October 24

1,899 manat ($1,117)

October 31

1,933 manat ($1,137)

October 25

1,930 manat ($1,135)

November 1

1,897 manat ($1,115)

Weekly average

1,868 manat ($1,099)

Weekly average

2,000 manat ($1,176)

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