Weekly Review Of Azerbaijan's Precious Metals Market

2025-08-11 08:07:54

(MENAFN- Trend News Agency) BAKU, Azerbaijan, August 11. The price of an ounce of gold in Azerbaijan experienced a decrement of 69.6 manat ($40.9), which represents a contraction of 1.1 percent, as observed at the conclusion of last week, Trend reports.

The weighted average cost of an ounce of gold grew by 102.17 manat, or $60.1 (1.8 percent), compared to the previous week's figure, totaling 5,737 manat ($3,370).

Gold ounce value change
July 28	5,678 ($3,340)	August 4	5,710 ($3,360)
July 29	5,638 ($3,320)	August 5	5,730 ($3,370)
July 30	5,654 ($3,330)	August 6	5,732 ($3,330)
July 31	5,607 ($3,300)	August 7	5,742 ($3,380)
August 1	5,598 ($3,290)	August 8	5,771 ($3,390)
Average weekly rate	5,635 manat ($3,310)	Average weekly rate	5,737 manat ($3,370)

The price of an ounce of silver in Azerbaijan went up by 1.95 manat, or $1.15 (3.1 percent), last week. The weighted average cost of an ounce of silver amounted to 64.12 manat ($37.7), which is 0.1 percent, or 0.09 manat ($0.05), less than the previous week's figure.

Silver ounce value change
July 28	64.9 ($38)	August 4	63 ($37)
July 29	64.79 ($38.11)	August 5	63.56 ($37.39)
July 30	64.89 ($38.17)	August 6	64.2 ($37.7)
July 31	63.3 ($37)	August 7	64.69 ($38)
August 1	62.19 ($36.58)	August 8	65 ($38)
Average weekly rate	64 manat ($37.6)	Average weekly rate	64.12 manat ($37.7)

The price of an ounce of platinum in Azerbaijan elevated by 42 manat ($24.7) last week. The weighted average cost of an ounce of platinum went down by 73.57 manat, or $43.28 (3.2 percent), to 2,251 manat ($1,320) compared to the previous week's figure.

Platinum ounce value change
July 28	2,413 ($1,420)	August 4	2,227 ($1,310)
July 29	2,384 ($1,400)	August 5	2,253 ($1,330)
July 30	2,361 ($1,390)	August 6	2,242 ($1,320)
July 31	2,269 ($1,330)	August 7	2,266 ($1,333)
August 1	2,198 ($1,300)	August 8	2,269 ($1,334)
Average weekly rate	2,325 manat ($1,370)	Average weekly rate	2,251 manat ($1,320)

During the week, the price of an ounce of palladium in Azerbaijan dropped by 82.57 manat ($48.57), or four percent. The weighted average price of an ounce of palladium declined by 105 manat ($61.7), or five percent, compared to the previous week, to 1,999 manat ($1,180).

Palladium ounce value change
July 28	2,143 ($1,260)	August 4	2,043 ($1,200)
July 29	2,087 ($1,230)	August 5	2,050 ($1,210)
July 30	2,146 ($1,260)	August 6	1,987 ($1,170)
July 31	2,107 ($1,240)	August 7	1,956 ($1,150)
August 1	2,039 ($1,200)	August 8	1,960 ($1,150)
Average weekly rate	2,104 manat ($1,240)	Average weekly rate	1,999 manat ($1,180)

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