Weekly Review Of Azerbaijan's Precious Metals Market

2025-05-09 08:05:22

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 9. The price of an ounce of gold in Azerbaijan increased by 211.4 manat, or $124.3 (3.8 percent), at the end of last week, Trend reports.

The weighted average cost of an ounce of gold went up by 113.5 manat, or $66.7 (2 percent), compared to the previous week's figure, amounting to 5,688 manat ($3,345).

Gold ounce value change
April 28	5,609 manat ($3,299)	May 5	5,536 manat ($3,256)
April 29	5,628 manat ($3,310)	May 6	5,718 manat ($3,363)
April 30	5,623 manat ($3,307)	May 7	5,750 manat ($3,382)
May 1	5,486 manat ($3,227)	May 8	5,748 manat ($3,381)
May 2	5,525 manat ($3,250)	May 9	-
Average weekly rate	5,574 manat ($3,278)	Average weekly rate	5,688 manat ($3,345)

The price of an ounce of silver in Azerbaijan surged by 1.02 manat, or $0.59 (1.9 percent), last week. The weighted average cost of an ounce of silver amounted to 56.2 manat, or $33, which is 0.3 percent, or 0.17 manat ($0.10), more than the previous week's figure.

Silver ounce value change
April 28	55.9 manat ($32.8)	May 5	54.7 manat ($32.1)
April 29	56 manat ($32.9)	May 6	56.2 manat ($33)
April 30	55.8 manat ($32.8)	May 7	56 manat ($32.9)
May 1	54.4 manat ($32)	May 8	55.7 manat ($32.7)
May 2	55.4 manat ($32.5)	May 9	-
Average weekly rate	55.5 manat ($32.6)	Average weekly rate	55.7 manat ($32.7)

The price of an ounce of platinum in Azerbaijan last week increased by 31.5 manat, or $18.5 (1.9 percent). The weighted average cost of an ounce of platinum increased by 3.97 manat, or $2.33 (0.2 percent), to 1,663 manat ($978.2) compared to the previous week's figure.

Platinum ounce value change
April 28	1,656 manat ($974.1)	May 5	1,643 manat ($966.4)
April 29	1,683 manat ($990)	May 6	1,659 manat ($975.8)
April 30	1,667 manat ($980.6)	May 7	1,677 manat ($986.4)
May 1	1,636 manat ($962.4)	May 8	1,674 manat ($984.7)
May 2	1,656 manat ($974.1)	May 9	-
Average weekly rate	1,659 manat ($975.8)	Average weekly rate	1,663 manat ($978.2)

During the week, the price of an ounce of palladium in Azerbaijan increased by 20.6 manat ($12.1), or 1.3 percent. The weighted average price of an ounce of palladium increased by 30.3 manat ($17.8), or 1.9 percent, compared to the previous week, to 1,636 manat ($962.3).

Palladium ounce value change
April 28	1,607 manat ($945.2)	May 5	1,628 manat ($957.6)
April 29	1,612 manat ($948.2)	May 6	1,616 manat ($950.5)
April 30	1,591 manat ($935.8)	May 7	1,651 manat ($971.1)
May 1	1,595 manat ($938.2)	May 8	1,649 manat ($969.9)
May 2	1,621 manat ($953.5)	May 9	-
Average weekly rate	1,605 manat ($944.1)	Average weekly rate	1,636 manat ($962.3)

To note, May 9 is recognized as a national holiday in the country, commemorating Victory Day over Fascism. As such, data for that date has not been made available.

MENAFN09052025000187011040ID1109528560

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.