Weekly Review Of Azerbaijan's Precious Metals Market

2025-06-07 03:04:20

(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 7. The price of an ounce of gold in Azerbaijan fell by 89.6 manat, or $52.7 (1.6 percent), at the end of this week, Trend reports.

The weighted average cost of an ounce of gold increased by 66.3 manat, or $39 (1.2 percent), compared to last week's figure, totaling 5,695 manat ($3,350).

Gold ounce value change
May 26	5,694 manat ($3,349)	June 2	5,637 manat ($3,315)
May 27	5,662 manat ($3,330)	June 3	5,716 manat ($3,362)
May 28	-	June 4	5,703 manat ($3,354)
May 29	5,558 manat ($3,269)	June 5	5,726 manat ($3,368)
May 30	5,603 manat ($3,295)	June 6	-
Average weekly rate	5,629 manat ($3,311)	Average weekly rate	5,695 manat ($3,350)

The price of an ounce of silver in Azerbaijan increased by 2.30 manat, or $1.35 (4.1 percent), this week. The weighted average cost of an ounce of silver amounted to 57.8 manat, or $34, which is 2.44 percent, or 1.38 manat ($0.81), more than last week's figure.

Silver ounce value change
May 26	56.9 manat ($33.4)	June 2	56.2 manat ($33)
May 27	56.5 manat ($33.2)	June 3	58.1 manat ($34.1)
May 28	-	June 4	58.5 manat ($34.4)
May 29	56.4 manat ($33.1)	June 5	58.6 manat ($34.4)
May 23	56 manat ($32.9)	June 6	-
Average weekly rate	56.5 manat ($33.2)	Average weekly rate	57.8 manat ($34)

The price of an ounce of platinum in Azerbaijan this week surged by 75.4 manat, or $44.3 (4.2 percent). The weighted average cost of an ounce of platinum decreased by 14.7 manat, or $8.64 (0.8 percent), to 1,829 manat ($1,075) compared to last week's figure.

Platinum ounce value change
May 26	1,865 manat ($1,097)	June 2	1,792 manat ($1,054)
May 27	1,844 manat ($1,084)	June 3	1,815 manat ($1,067)
May 28	-	June 4	1,843 manat ($1,084)
May 29	1,837 manat ($1,080)	June 5	1,867 manat ($1,098)
May 30	1,830 manat ($1,076)	June 6	-
Average weekly rate	1,844 manat ($1,084)	Average weekly rate	1,829 manat ($1,075)

During the week, the price of an ounce of palladium in Azerbaijan rose by 49.9 manat ($29.3), or 3 percent. The weighted average price of an ounce of palladium increased by 13.7 manat ($8), or 0.8 percent, compared to last week, to 1,687 manat ($992.3).

Palladium ounce value change
May 26	1,706 manat ($1,003)	June 2	1,651 manat ($971.1)
May 27	1,677 manat ($986.4)	June 3	1,684 manat ($990.5)
May 28	-	June 4	1,710 manat ($1,005)
May 29	1,660 manat ($976.4)	June 5	1,701 manat ($1,000)
May 30	1,649 manat ($970)	June 6	-
Average weekly rate	1,673 manat ($984.1)	Average weekly rate	1,687 manat ($992.3)

Azerbaijan did not publish exchange rate data on May 28 – Independence Day and June 6 – Eid al-Adhay, as the dates fell on non-working days.

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