Weekly Review Of Azerbaijan's Precious Metals Market

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 24. The price of an ounce of gold (31.1 grams) in Azerbaijan decreased by 22.7 manat ($13.3), or 0.3%, over the week, Trend reports, citing the Central Bank of Azerbaijan (CBA).

The weighted average price of one ounce of gold increased by 257.03 manat ($151.19), or 3.2%, compared to the previous week, standing at 7,689 manat ($4,522).

Gold ounce value change
May 11	-	May 18	7,721.03 manat ($4,541.8)
May 12	8,010 manat ($4,710)	May 19	7,722.5 manat ($4,542.7)
May 13	7,988 manat ($4,698)	May 20	7,588.7 manat ($4,463.9)
May 14	7,994 manat ($4,702)	May 21	7,716.4 manat ($4,539.06)
May 15	7,828 manat ($4,600)	May 22	7,698.2 manat ($4,528.35)
Average weekly rate	7,955 manat ($4,680)	Average weekly rate	7,689.4 manat ($4,523.18)

This week, the price of an ounce of silver in Azerbaijan rose by 1.87 manat ($1.10), or 1.5%. The average price of one ounce of silver for the week compared to the previous week dropped by 16.08 manat ($9.46), or 11.1%, to 128.4 manat ($75.5).

Silver ounce value change
May 11	-	May 18	128.3 manat ($75.47)
May 12	146 manat ($85.88)	May 19	129.7 manat ($76.29)
May 13	146.7 manat ($86)	May 20	125.2 manat ($73.65)
May 14	147.69 manat ($86.9)	May 21	128.7 manat ($75.71)
May 15	137 manat ($80.6)	May 22	130.2 manat ($76.59)
Average weekly rate	144.5 ($85)	Average weekly rate	128.4 manat ($75.53)

The price of one ounce of platinum in Azerbaijan declined by 14.6 manat ($8.59), or 0.4%. The average price of one ounce of platinum went down by 233.5 manat ($137.3), or 6.6%, compared to the previous week, to 3,321 manat ($1,953).

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