Weekly review of Azerbaijan’s precious metals market

TheCyprus


Baku, Azerbaijan, April 5. The price of an
ounce of gold in Azerbaijan fell by 73.61 manat, or $43.3 (1.4
percent), at the end of last week. The weighted average cost of an
ounce of gold rose by 193.6 manat, or $113.8 (3.8 percent),
compared to the previous week’s figure, amounting to 5,313 manat
($3,125), Trend
reports.

Gold ounce value change

March 17

5,071 manat ($ 2,982)

March 31

March 18

5,124 manats ($ 3,014)

April 1

5,345 manat ($ 3,144)

March 19

5,162 manat ($ 3,036)

April 2

5,296 manat ($ 3,115)

March 20

April 3

5,338 manat ($ 3,140)

March 21

April 4

5,272 manat ($ 5,272)

Average weekly rate

5,119 manat ($ 3,011)

Average weekly rate

5,313 manat ($ 3,125)

The price of an ounce of silver in Azerbaijan fell by 4.5232
manat, or $2.65 (7.8 percent), last week. The weighted average cost
of an ounce of silver amounted to 56.3 manat, or $33.1, which is
2.1 percent, or 1.2025 manat ($0.70), less than the previous week’s
figure.

Silver ounce value change

March 17

57.2 manat ($ 33.6)

March 31

March 18

57.6 manat ($ 33.8)

April 1

58 manats ($ 34.1)

March 19

57.8 manat ($ 34)

April 2

57.4 manat ($ 57.4)

March 20

April 3

56.5 manat ($ 33.2)

March 21

April 4

53.5 manat ($ 31.4)

Average weekly rate

57.5 manat ($ 33.8)

Average weekly rate

56.3 manat ($ 33.1)

The price of an ounce of platinum in Azerbaijan last week fell
by 71.9 manat, or $42.2 (4.2 percent). The weighted average cost of
an ounce of platinum decreased by 36.7 manat, or $21.5 (2,2
percent), to 1,663 manat ($978.2) compared to last week’s
figure.

Platinum ounce value change

March 17

1,696 manats ($ 997.6)

March 31

March 18

1.711 manat ($ 1,006)

April 1

1,695 manats ($ 997)

March 19

1,694 manat ($ 996.4)

April 2

1,681 manat ($ 988.8)

March 20

April 3

1,655 manat ($ 973.5)

March 21

April 4

1,623 manat ($ 954.7)

Average weekly rate

1,700 manats ($ 1,000)

Average weekly rate

1,663 manat ($ 978.2)

The price for an ounce of palladium in Azerbaijan decreased by
102.8 manat, or $60.4 (6.1 percent), during the last week. The
weighted average cost of an ounce of palladium decreased by 0.1
percent, or 1.50 manat ($0.88), compared to the indicator of the
previous week, amounting to 1,648 manat ($969.4).




Palladium ounce value change

March 17

1,645 manat ($ 967.6)

March 31

March 18

1,656 manats ($ 974.1)

April 1

1,687 manat ($ 992.3)

March 19

1,646 manats ($ 968.2)

April 2

1,684 manat ($ 990.5)

March 20

April 3

1,636 manat ($ 962.3)

March 21

April 4

1,584 manat ($ 931.7)

Average weekly rate

1,649 manat ($ 970)

Average weekly rate

1,648 manat ($ 969.4)

To note, since the period from March 20 through 31 coincided
with non-working days, the regulatory body did not release the
indicators for those days.

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