Azerbaijan records growth in precious metals' price

By Trend

The prices of precious metals grew in Azerbaijan on July 5 compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA).

The price of gold increased by 15.0535 manat or $8.85 (0.5 percent) and made up 3,038.3335 manat or $1,787.25 per ounce.

The price of silver shrank by 0.8275 manat or 49 cents (1.87 percent) and amounted to 45.1308 manat ($26.55).

The price of platinum went up by 10.8035 manat or $6.35 (0.58 percent) and equaled to 1,866.9485 manat ($1,098.2).

The price of palladium rose by 52.785 manat or $31.05 (1.12 percent) and stood at 4,758.13 manat ($2,798.9).

In monthly terms, the price of gold fell by 140.352 manat or $82.56 (4.4 percent) per ounce, silver reduced by 1.4042 manat or 83 cents (3 percent) per ounce, platinum decreased by 97.206 manat or $57.18 per ounce (4.9 percent), while palladium decreased by 51.629 manat or $30.37 (1.1 percent).

On annual basis, the price of gold rose by 21.6155 manat or $12.71 (0.7 percent), silver grew by 14.5059 manat or $8.53 (47.4 percent), platinum spiked by 482.069 manat or $283.57 (34.8 percent), and palladium surged by 1,510.28 manat or $888.4 (46.5 percent).

(1 USD = 1.7 AZN on July 5)

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