Weekly Review Of Azerbaijan's Precious Metals Market

2026-03-24 06:36:38

MENAFN** BAKU, Azerbaijan, March 22.****,**

The weighted average price of one troy ounce of gold dropped by 309.108875 manat ($181.83), or 3.5%, compared to the previous week, coming in at 8,453 manat ($4,970).

Gold ounce value change
March 9

| March 16 |
| | March 10 | 8,781 manat ($5,165) | March 17 | 8,524 manat ($5,010) | | March 11 | 8,847 manat ($5,204) | March 18 | 8,564 manat ($5,040) | | March 12 | 8,743 manat ($5,142) | March 19 | 8,478 manat ($4,990) | | March 13 | 8,678 manat ($5,104) | March 20 |
| | Average weekly rate | 8,762 manat ($5,154) | Average weekly rate | 8,453 manat ($4,970) |

This week, the price of one troy ounce of silver in Azerbaijan fell by 7.6 manat ($4.47), or 5.6%. The average price of one troy ounce of silver was 134.7 manat ($79.2), which is 12.12 manat ($7.13), or 8.3% less than the previous week.

| \| Silver ounce value change \| \| — \| | | — | — | — | — | — | | March 9 |

| March 16 | 136.39 manat ($80.23) | | March 10 | 150.3 manat ($88.4) | March 17 | 140 manat ($82.3) | | March 11 | 150.02 manat ($88.25) | March 18 | 133.6 manat ($78.6) | | March 12 | 143.6 manat ($84.4) | March 19 | 128.77 manat ($75.7) | | March 13 | 143.4 manat ($84.3) | March 20 |
| | Average weekly rate | 146.8 manat ($86.3) | Average weekly rate | 134.7 manat ($79.2), |

The price of one troy ounce of platinum in Azerbaijan fell by 20.4 manat ($12), or 0.6%. The average price of one ounce of platinum went down by 130 manat ($74.5), or 3.5%, compared to the previous week, to 3,566 manat ($2,100).

Platinum ounce value change
March 9

| March 16 | 3,504 manat ($2,060) | | March 10 | 3,718 manat ($2,187) | March 17 | 3,693 manat ($2,170) | | March 11 | 3,754 manat ($3,754) | March 18 | 3,583 manat ($2,110) | | March 12 | 3,666 manat ($2,156) | March 19 | 3,484 manat ($2,050) | | March 13 | 3,645 manat ($2,144) | March 20 |
| | Average weekly rate | 3,696 manat ($2,174) | Average weekly rate | 3,566 manat ($2,100) |

During the week, the price of one troy ounce of palladium in Azerbaijan decreased by 106.9 manat ($62.9), or 4%. The average price of one ounce of palladium declined by 140.5 manat ($82.6), or 5%, compared to the previous week, to 2,678 manat ($1,580).

Palladium ounce value change
March 9

| March 16 | 2,676 manat ($1,570) | | March 10 | 2,862 manat ($1,683) | March 17 | 2,768 manat ($1,630) | | March 11 | 2,850 manat ($1,676) | March 18 | 2,697 manat ($1,590) | | March 12 | 2,787 manat ($1,639) | March 19 | 2,569 manat ($1,510) | | March 13 | 2,774 manat ($1,631) | March 20 |
| | Average weekly rate | 2,818 manat ($1,657) | Average weekly rate | 2,678 manat ($1,580) |

Since International Women’s Day on March 8, 2026, lands on a Sunday, the next working day, Monday, March 9, is also taken as a non-working day according to Azerbaijan’s Labor Code. At the same time, March 20 is marked as a non-working day because of the Novruz and Ramadan holidays. So, the data for those dates hasn’t come out yet.

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