Weekly review of Azerbaijan’s precious metals market

TheCyprus


Baku, Azerbaijan, March 22. The valuation of an
ounce of gold in Azerbaijan increased by 91.1 manat, or $53.5 (1.8
percent), this week, Trend reports.

The weighted average cost of an ounce of gold went up by 137.1
manat, or $80.6 (2.7 percent), compared to last week’s figure,
settling at 5,119 manat ($3,011).

Gold ounce value change

March 10

4,947 manat ($ 2,909)

March 17

5,071 manat ($ 2,982)

March 11

4,926 manats ($ 2,897)

March 18

5,124 manats ($ 3,014)

March 12

4,955 manats ($ 2,914)

March 19

5,162 manat ($ 3,036)

March 13

5,006 manats ($ 2,944)

March 20

March 14

5,075 manat ($ 2,985)

March 21

Weekly average

4,982 manat ($ 2,930)

Weekly average

5,119 manat ($ 3,011)

During the week, the price of an ounce of silver in Azerbaijan
rose 0.52 manat, or $0.30 (0.9 percent). The weighted average cost
of an ounce of silver came in at 57.59 manat ($33.87), which is 3
percent or 1.70 manat (0.99 cents) more than last week’s tally.

Silver ounce value change

March 10

55.1 manat ($ 32.4)

March 17

57.2 manat ($ 33.6)

March 11

54.7 manat ($ 32.1)

March 18

57.6 manat ($ 33.8)

March 12

55.6 manat ($ 32.7)

March 19

57.8 manat ($ 33.9)

March 13

56.3 manat ($ 33.1)

March 20

March 14

57.5 manat ($ 33.8)

March 21

Weekly average

55.8 manat ($ 32.8)

Weekly average

57.5 manat ($ 33.8)

The price of an ounce of platinum in Azerbaijan decreased by
1.98 manat ($1.1) or 0.1 percent during the week. The weighted
average price of an ounce of platinum increased by 34.1 manat
($20), or 2 percent, compared to last week and amounted to 1,700
manat ($999.9).




Platinum ounce value change

March 10

1,645 manat ($ 967.6)

March 17

1,696 manat ($ 997.6)

March 11

1,636 manat ($ 962.3)

March 18

1.711 manat ($ 1,006)

March 12

1,675 manat ($ 985.2)

March 19

1,694 manat ($ 996.4)

March 13

1,676 manats ($ 985.8)

March 20

March 14

1,699 manat ($ 999.4)

March 21

Weekly average

1,666 manat ($ 979.9)

Weekly average

1,700 manats ($ 999.9)

Moreover, this week, the price of an ounce of palladium in
Azerbaijan went up by 1.74 manat ($1), or 0.1 percent. Meanwhile,
the weighted average cost of an ounce of platinum increased by 26.3
manat, or $15.4 (1.6 percent), landing on 1,649 manat ($969.9)
compared to last week’s numbers.

Palladium ounce value change

March 10

1,617 manat ($ 951.1)

March 17

1,645 manat ($ 967.6)

March 11

1,605 manat ($ 944.1)

March 18

1,656 manats ($ 974.1)

March 12

1,610 manat ($ 947)

March 19

1,646 manat ($ 968.2)

March 13

1,632 manat ($ 959.9)

March 20

March 14

1,650 manat ($ 970.5)

March 21

Weekly average

1,623 manat ($ 954.7)

Weekly average

1,649 manat ($ 969.9)

The regulator failed to publish data for March 20 and 21 since
they are non-business days.

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