Weekly Review Of Azerbaijan's Precious Metals Market

2025-03-22 07:09:03

(MENAFN- Trend News Agency) 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 manat ($2,897)	March 18	5,124 manat ($3,014)
March 12	4,955 manat ($2,914)	March 19	5,162 manat ($3,036)
March 13	5,006 manat ($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 manat ($985.8)	March 20	-
March 14	1,699 manat ($999.4)	March 21	-
Weekly average	1,666 manat ($979.9)	Weekly average	1,700 manat ($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 manat ($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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