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Weekly review of Azerbaijan's precious metals market

Economy Materials 16 March 2026 07:17 (UTC +04:00)
Weekly review of Azerbaijan's precious metals market
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, March 16. The price of an ounce of gold in Azerbaijan decreased by 103.01 manat ($60.5), or 1.2%, over the week, Trend reports, citing the Central Bank of Azerbaijan (CBA).

The weighted average price of one ounce of gold grew 134.4 manat ($79.06), or 1.5%, compared to the previous week, reaching 8,762.5 manat ($5,154).

Gold ounce value change

March 2

9,104 manat ($5,354)

March 9

-

March 3

9,111 manat ($5,358)

March 10

8,781 manat ($5,165)

March 4

8,766 manat ($5,155)

March 11

8,847 manat ($5,204)

March 5

8,788 manat ($5,168)

March 12

8,743 manat ($5,142)

March 6

8,712 manat ($5,123)

March 13

8,678 manat ($5,104)

Average weekly rate

8,897 manat ($5,232)

Average weekly rate

8,762 manat ($5,154)

This week, the price of an ounce of silver in Azerbaijan fell by 6.9 manat ($4), or 4.6%. The average price of an ounce of silver was 146.8 manat ($86.3), which is 1.69 manat ($0.99), or 1.1% less than the previous week.

Silver ounce value change

March 2

159.4 manat ($93.7)

March 9

-

March 3

152.4 manat ($89.6)

March 10

150.3 manat ($88.4)

March 4

144 manat ($84.6)

March 11

150.02 manat ($88.25)

March 5

143.8 manat ($84.5)

March 12

143.6 manat ($84.4)

March 6

143 manat ($84.1)

March 13

143.4 manat ($84.3)

Average weekly rate

148.5 manat ($87.3)

Average weekly rate

146.8 manat ($86.3)

The price of one ounce of platinum in Azerbaijan fell by 73.2 manat ($43.06), or 2%. The average price of one ounce of platinum went down by 94.2 manat ($55.4), or 2.5%, compared to the previous week, to 3696.5 manat ($2,174.4).

Platinum ounce value change

March 2

4,026 manat ($2,367)

March 9

-

March 3

3,906 manat ($2,297)

March 10

3,718 manat ($2,187)

March 4

3,633 manat ($2,136)

March 11

3,754 manat ($3,754)

March 5

3,720 manat ($2,187)

March 12

3,666 manat ($2,156)

March 6

3,667 manat ($2,156)

March 13

3,645 manat ($2,144)

Average weekly rate

3,790 manat ($2,229)

Average weekly rate

3,696 manat ($2,174)

During the week, the price of one ounce of palladium in Azerbaijan decreased by 87.4 manat ($51.4), or 3%. The average price of one ounce of palladium declined by 108.2 manat ($63.6), or 4%, compared to the previous week, to 2818.8 manat ($1,658)

Palladium ounce value change

March 2

3,094 manat ($1,819)

March 9

-

March 3

3,034 manat ($1,784)

March 10

2,862 manat ($1,683)

March 4

2,857 manat ($1,680)

March 11

2,850 manat ($1,676)

March 5

2,865 manat ($1,685)

March 12

2,787 manat ($1,639)

March 6

2,833 manat ($1,666)

March 13

2,774 manat ($1,631)

Average weekly rate

2,937 manat ($1,727)

Average weekly rate

2,818 manat ($1,657)

Since March 8 - International Women's Day in 2026 falls on a Sunday, according to the Labor Code of Azerbaijan, the next working day, March 9 (Monday), is also considered a non-working day. Therefore, data on that date has not been disclosed.

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