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Weekly review of Azerbaijan's precious metals market

Economy Materials 3 January 2026 08:10 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, January 3. The price of an ounce of gold in Azerbaijan decreased by 256.5 manat ($150.1), or 3.3%, over the week, Trend reports.

The weighted average price of one ounce of gold dropped by 57.2 manat ($33.7), or 0.7%, compared to the previous week, and amounted to 7,547 manat ($4,436).

Gold ounce value change

December 22

7,475 manat ($4,397)

December 29

7,675 ($4,451)

December 23

7,620 manat ($4,482)

December 30

7,419 ($4,374)

December 24

7,647 manat ($4,498)

December 31

-

December 25

7,615 manat ($4,479)

January 1

-

December 26

7,664 manat ($4,508)

January 2

-

Average weekly rate

7,604 manat ($4,472)

Average weekly rate

7,547 manat ($4,436)

This week, the price of an ounce of silver in Azerbaijan rose by 9.04 manat ($5.32), or 6.7%. The average price of one ounce of silver was 131.1 manat ($77.2), which is 9.5 manat ($5.56), or 7.8%, more than the previous week.

Silver ounce value change

December 22

117.8 manat ($69.2)

December 29

135.6 ($80)

December 23

118.3 manat ($69.5)

December 30

126.6 ($74.6)

December 24

122.8 manat ($72.2)

December 31

-

December 25

122.1 manat ($71.8)

January 1

-

December 26

126.9 manat ($74.6)

January 2

-

Average weekly rate

121.6 manat ($71.5)

Average weekly rate

131.1 manat ($77.2)

The price of an ounce of platinum in Azerbaijan grew by 452.9 manat ($267.6), or 10.9%. The average price of one ounce of platinum went up by 87.7 manat ($51.5), or 2.3%, compared to the previous week, and amounted to 3,910 manat ($2,296).

Platinum ounce value change

December 22

3,507 manat ($2062)

December 29

4,137 ($2,452)

December 23

3,707 manat ($2,180)

December 30

3,684 ($2,159)

December 24

3,987 manat ($2,345)

December 31

-

December 25

3,836 manat ($2,256)

January 1

-

December 26

4,077 manat ($2,398)

January 2

-

Average weekly rate

3,823 manat ($2,248)

Average weekly rate

3,910 manat ($2,296)

During the week, the price of an ounce of palladium in Azerbaijan decreased by 307.5 manat ($180.5), or 10%. The average price of one ounce of palladium went down by 149.1 manat ($87.3), or 4.9%, compared to the previous week, and amounted to 2,919 manat ($1,710).

Palladium ounce value change

December 22

3,037 manat ($1,786)

December 29

3,072 ($1,804)

December 23

3,090 manat ($1,817)

December 30

2,765 ($1,617)

December 24

3,224 manat ($1,896)

December 31

-

December 25

2,935 manat ($1,726)

January 1

-

December 26

3,053 manat ($1,795)

January 2

-

Average weekly rate

3,068 manat ($1,804)

Average weekly rate

2,919 manat ($1,710)

*Due to the public holidays in Azerbaijan from December 31, 2025, through January 1 and 2, 2026, the exchange rate for those days wasn't disclosed.

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