Weekly review of Azerbaijan's precious metals market - trend.az

AI desk brief

Azerbaijan’s local precious-metals benchmark prices were broadly lower over Sep. 21-25, led by palladium and gold. Gold fell 158.8 manat/oz on the week to 7,246 manat ($4,260), while the weekly average slipped 0.1% to 7,342 manat ($4,318). Silver was the exception, with its weekly average up 1.5% to 111 manat ($65.3) even as the spot-week measure fell 4.1% to 107.9 manat ($63.47).

Platinum dropped 88.67 manat/oz on the week to 2,971 manat ($1,750), and palladium fell 101.167 manat/oz to 2,128 manat ($1,252). Weekly average prices also eased for platinum to 3,032 manat ($1,783) and palladium to 2,186 manat ($1,286), pointing to a softer local pricing backdrop across the PGMs.