Weekly Review Of Azerbaijan's Precious Metals Market

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 17. The price of an ounce of gold (31.1 grams) in Azerbaijan decreased by 181.3 manat ($106.6), or 2.3%, over the week, Trend reports, citing the Central Bank of Azerbaijan (CBA).

The weighted average price of one ounce of gold increased by 68.5 manat ($40.29), or 1%, compared to the previous week, standing at 7,955 manat ($4,680).

Gold ounce value change
May 4	7,828.8 manat ($4,605.2)	May 11	-
May 5	7,705.5 manat ($4,532.6)	May 12	8,010 manat ($4,710)
May 6	7,905.5 manat ($4,650.3)	May 13	7,988 manat ($4,698)
May 7	7,984.7 manat ($4,696.9)	May 14	7,994 manat ($4,702)
May 8	8,009.7 manat ($4,711.6)	May 15	7,828 manat ($4,600)
Average weekly rate	7,886.9 manat ($4,639.6)	Average weekly rate	7,955 manat ($4,680)

This week, the price of an ounce of silver in Azerbaijan dropped by 8.6 manat ($5), or 5.9%. The average price of one ounce of silver for the week compared to the previous week grew by 14.9 manat ($8.7), or 11.5%, to 144.5 ($85) manat.

Silver ounce value change
May 4	128.1 manat ($75.4)	May 11	-
May 5	123.6 manat ($72.7)	May 12	146 manat ($85.88)
May 6	128.6 manat ($75.7)	May 13	146.7 manat ($86)
May 7	132.1 manat ($77.7)	May 14	147.69 manat ($86.9)
May 8	135.4 manat ($79.7)	May 15	137 manat ($80.6)
Average weekly rate	129.6 manat ($76.2)	Average weekly rate	144.5 ($85)

The price of one ounce of platinum in Azerbaijan declined by 125.5 manat ($73.8), or 3.5%. The average price of one ounce of platinum went up by 124.8 manat ($73.4), or 3.6%, compared to the previous week, to 3,554 manat ($2,090).

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