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Weekly review of Azerbaijan's precious metals market

Finance Materials 8 December 2024 10:35 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 8. The price of an ounce of gold in Azerbaijan increased by 23.11 manat, or $13.59 (0.52 percent), at the end of last week, Trend reports.

The weighted average cost of an ounce of gold grew by 8.05 manat, or $4.73 (0.18 percent) compared to last week's figure, landing at 4,489 manat ($2,640).

Gold ounce value change

November 25

4,541 manat ($2,671)

December 2

4,468 manat ($2,628)

November 26

4,464 manat ($2,625)

December 3

4,486 manat ($2,638)

November 27

4,486 manat ($2,638)

December 4

4,502 manat ($2,648)

November 28

4,472 manat ($2,630)

December 5

4,498 manat ($2,645)

November 29

4,522 manat ($2,659)

December 6

4,491 manat ($2,641)

Weekly average

4,497 manat ($2,645)

Weekly average

4,489 manat ($2,640)

Last week, the price of an ounce of silver in Azerbaijan rose by 2.10 manat ($1.23), or 4.1 percent. The weighted average cost of an ounce of silver came in at 52.5 manat ($30.8), which is 1.47 percent or 0.75 manat (0.44 cents) more than the previous week's tally.

Silver ounce value change

November 25

52.31 manat ($30.77)

December 2

51.29 manat ($30.17)

November 26

51.58 manat ($30.34)

December 3

51.96 manat ($30.56)

November 27

51.80 manat ($30.47)

December 4

52.77 manat ($31.04)

November 28

50.79 manat ($29.87)

December 5

53.07 manat ($31.21)

November 29

52.20 manat ($30.7)

December 6

53.39 manat ($31.4)

Weekly average

51.74 manat ($30.43)

Weekly average

52.50 manat ($30.88)

Last week, the price of an ounce of platinum in Azerbaijan increased by 4.55 manat ($2.67), or 0.28 percent. Meanwhile, the weighted average cost of an ounce of platinum rose by 7.92 manat, or $4.65 (0.5 percent), settling at 1,606 manat ($944.7) compared to the previous week's numbers.

Platinum ounce value change

November 25

1,626 manat ($956.4)

December 2

1,600 manat ($941.1)

November 26

1,595 manat ($938.2)

December 3

1,605 manat ($944.1)

November 27

1,580 manat ($929.4)

December 4

1,619 manat ($952.3)

November 28

1,583 manat ($931.1)

December 5

1,601 manat ($941.7)

November 29

1,606 manat ($944.7)

December 6

1,605 manat ($944.1)

Weekly average

1,598 manat ($939.9)

Weekly average

1,606 manat ($944.7)

The price for an ounce of palladium in Azerbaijan increased, settling at 14.5 manat, or $8.52 (0.88 percent), during last week. Meanwhile, the weighted average cost of an ounce of palladium fell by 1.18 percent, or 19.89 manat ($11.70), compared to the indicator of the previous week, amounting to 1,659 manat ($975.8).

Palladium ounce value change

November 25

1,702 manat ($1,001)

December 2

1,649 manat ($969.9)

November 26

1,663 manat ($978.2)

December 3

1,666 manat ($979.9)

November 27

1,672 manat ($983.5)

December 4

1,651 manat ($971.1)

November 28

1,665 manat ($979.4)

December 5

1,665 manat ($979.4)

November 29

1,692 manat ($995.2)

December 6

1,664 manat ($978.8)

Weekly average

1,679 manat ($987.6)

Weekly average

1,659 manat ($975.8)

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