Weekly Review Of Azerbaijan's Precious Metals Market

(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 12. The price of an ounce of gold (31.1 grams) in Azerbaijan increased by 168.4 manat ($99), or 2.1%, over the week, Trend reports, citing the Central Bank of Azerbaijan (CBA).

The weighted average price of one ounce of gold grew 123.5 manat ($72.6), or 1.6%, compared to the previous week, reaching 8,025 manat ($4,720).

Gold ounce value change
March 30	-	April 6	7,921 manat ($4,659)
March 31	7,761 manat ($4,565)	April 7	7,923 manat ($4,660)
April 1	7,950 manat ($4,676)	April 8	8,165 manat ($4,802)
April 2	7,945 manat ($4,673)	April 9	8,026 manat ($4,721)
April 3	7,950 manat ($4,676)	April 10	8,090 manat ($4,758)
Average weekly rate	7,901 manat ($4,647)	Average weekly rate	8,025 manat ($4,720)

This week, the price of an ounce of silver in Azerbaijan rose by 5.74 manat ($3.38), or 4.6%. The average price of an ounce of silver was 126.5 manat ($74.4), which is 2.67 manat ($1.57), or 2.2% less than the previous week.

Silver ounce value change
March 30	-	April 6	123.2 manat ($72.4)
March 31	122.7 manat ($72.1)	April 7	124.2 manat ($73)
April 1	126.1 manat ($74.1)	April 8	130.3 manat ($76.6)
April 2	122.4 manat ($72)	April 9	125.9 manat ($74)
April 3	124.1 manat ($73)	April 10	128.9 manat ($75.8)
Average weekly rate	123.8 manat ($72.8)	Average weekly rate	126.5 manat ($74.4)

The price of one ounce of platinum in Azerbaijan rose by 140.5 manat ($82.6), or 4.2%. The average price of one ounce of platinum went up by 119.3 manat ($70.1), or 3.6%, compared to the previous week, to 3,429 manat ($2,017).

Platinum ounce value change
March 30	-	April 6	3,371 manat ($1,982)
March 31	3,256 manat ($1,915)	April 7	3,361 manat ($1,977)
April 1	3,330 manat ($1,958)	April 8	3,461 manat ($2,035)
April 2	3,273 manat ($1,925)	April 9	3,443 manat ($2,025)
April 3	3,381 manat ($1,988)	April 10	3,511 manat ($2,065)
Average weekly rate	3,310 manat ($1,947)	Average weekly rate	3,429 manat ($2,017)

During the week, the price of one ounce of palladium in Azerbaijan increased by 70.8 manat ($41.6), or 2.8%. The average price of one ounce of palladium rose by 102.5 manat ($60.2), or 4.1%, compared to the previous week, to 2,601 manat ($1,530).

Palladium ounce value change
March 30	-	April 6	2,568 manat ($1,510)
March 31	2,442 manat ($1,436)	April 7	2,533 manat ($1,490)
April 1	2,516 manat ($1,480)	April 8	2,615 manat ($1,538)
April 2	2,479 manat ($1,458)	April 9	2,651 manat ($1,559)
April 3	2,557 manat ($1,504)	April 10	2,639 manat ($1,552)
Average weekly rate	2,498 manat ($1,469)	Average weekly rate	2,601 manat ($1,530)

March 30 was observed as a non-working day in Azerbaijan due to the Nowruz holiday, and therefore, no data was released for that date.

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