Weekly review of Azerbaijan’s precious metals market - Trend News Agency

AI desk brief

Azerbaijan’s precious metals benchmarks fell sharply over Oct. 19-23: gold dropped 301.95 manat/oz (-4.2%) to 6,809 manat, silver fell 7% to 91.37 manat, platinum declined 5.4% to 2,664 manat, and palladium lost 7.2% to 1,789 manat. Weekly average prices also moved lower across the board, with gold at 6,983 manat (-1.6% w/w), silver at 96.08 manat (-4.1%), platinum at 2,757 manat (-2.5%) and palladium at 1,857 manat (-4.1%).

The move is a local currency pricing read-through rather than a global market driver, but it still points to broad weakness across the precious-metals complex over the week, led by platinum-group metals and silver.