Staying updated on gold prices in Azerbaijan is key for investors or those interested. The current price is ₼4,498.54 per ounce. This shows how the gold market changes.
Prices can change all day. They move based on supply and demand worldwide.
The price on December 2, 2024, was ₼4,491.77. This is higher than the day before. Looking back a year, the price was ₼3,451.64 on December 4, 2023. This shows a big jump in price over the year.
The latest spot price for gold in Azerbaijan is ₼4,498.54 per ounce. This price can change due to many factors. These include big economic and world events.
Key Takeaways
- The current gold price in Azerbaijan is ₼4,498.54 per ounce.
- Gold prices in Azerbaijan have increased significantly over the past year, rising from ₼3,451.64 on December 4, 2023, to the current level.
- Commodity markets operate 24 hours a day, 5 days a week, leading to constant fluctuations in gold prices.
- Experts recommend allocating 5-10% of a portfolio to commodities, including gold, for diversification.
- Real-time gold price updates are available on platforms like LivePriceofGold.com, allowing you to stay informed about the latest market trends.
Understanding Gold Prices in Azerbaijan’s Market
When you want to buy gold in Azerbaijan or look into gold investments in Azerbaijan, knowing the gold market is key. The price of gold in Azerbaijan changes based on global supply and demand. The spot price, which is the agreed-upon price for immediate settlement, changes all the time.
Gold’s value comes from its use in investments, jewelry, and other goods. The price for 999.9-purity gold in Azerbaijan is ₼144.67 New Azerbaijani Manats (AZN). This price keeps changing, with the price per ounce going up by 1.47% last week.
The price of an ounce of gold in Azerbaijan went down by 1.93% at the end of the week. This means it dropped by ₼87.15 ($51.26). But, the trend in Azerbaijan’s gold market is mostly up. AzerGold, the state-owned mining company, mined 27% more gold in the first three quarters of 2024.
“The price of gold in Azerbaijan is a dynamic and ever-changing landscape, reflecting the global and local market forces at play. By understanding these trends, investors and consumers can make informed decisions when buying gold in Azerbaijan or exploring gold investments in Azerbaijan.”
As the Azerbaijani gold market grows, keeping up with the latest prices and news is important. This is true for those who want to sell gold in Azerbaijan or make the most of gold investments in Azerbaijan.
Price of Gold in Azerbaijan: Latest Rates and Trends
Current Market Prices by Weight
The gold market in Azerbaijan has seen some ups and downs. As of the latest news, gold costs 4,499.08 Azerbaijani manat per ounce. This is about $2,646.52 per ounce, based on the current exchange rate.
For the price per gram, 24-karat gold is at 144.66 AZN. The 22-karat gold is at 132.51 AZN. The 21-karat gold is at 126.58 AZN, and the 18-karat gold is at 108.50 AZN. In Azerbaijan, the most common gold karats are 14K, 18K, and 22K.
| Gold Weight | Price (AZN) | Price (USD) |
|---|---|---|
| 1 Ounce | 4,499.08 | 2,646.52 |
| 1 Gram (24K) | 144.66 | 85.10 |
| 1 Gram (22K) | 132.51 | 77.94 |
| 1 Gram (21K) | 126.58 | 74.46 |
| 1 Gram (18K) | 108.50 | 63.82 |
| 5 Grams (24K) | 723.32 | 425.50 |
| 1000 Grams (24K) | 144,664.96 | 85,097.04 |
The gold bullion Azerbaijan market has shown some ups and downs. Today’s high price is at 144.85 AZN per gram. The low is at 143.96 AZN. Prices are available for grams, ounces, kilos, and tolas. The gold trading Azerbaijan landscape is influenced by the current gold rates Azerbaijan.
Experts say the outlook for gold bullion Azerbaijan and gold rates Azerbaijan is positive. This is due to global economic uncertainties. But, the gold trading Azerbaijan market also has local influences that can change prices.
Gold Purity Levels and Their Market Values
In Azerbaijan’s gold market, gold purity is key to its value. Gold jewelry and bullion come in different karat levels. Each level shows a different gold content and color. Knowing these levels helps you make smart buys and understand gold price changes.
| Gold Purity | Karat | Price per Gram (AZN) |
|---|---|---|
| 24K (99.999% pure) | 24Kt | 144.66 AZN |
| 22K (91.667% pure) | 22Kt | 132.61 AZN |
| 18K (75% pure) | 18Kt | 108.50 AZN |
| 14K (58.333% pure) | 14Kt | 84.39 AZN |
| 10K (41.667% pure) | 10Kt | 60.28 AZN |
The most valuable gold in Azerbaijan is 24-karat (24Kt), which is 99.999% pure. It has a bright yellow color and is soft. As the karat level goes down, the gold content and price also go down. This shows how different purity levels have different market values.
When looking for gold jewelry Azerbaijan or investing in gold purity Azerbaijan, knowing these levels and prices is crucial. It helps you make smart choices and get the most value for your money.
Factors Affecting Azerbaijan’s Gold Market
The gold market in Azerbaijan is shaped by many things. Global and local events can change how much gold is bought and sold. This can make gold prices go up and down. For those who invest in gold, knowing these factors is very important.
Local Market Influences
Global events are big, but what happens in Azerbaijan also matters a lot. The value of the Azerbaijani manat (AZN) against the US dollar (USD) affects gold prices. If the AZN goes down, gold prices in Azerbaijan go up because the manat is worth less.
Things like inflation, interest rates, and how people feel about the market also play a part. When the economy is strong and people feel good, they might buy more gold. This can make prices go up. But when things are uncertain or tough, people might want gold more as a safe choice. This can also change prices.
Experts say it’s smart to have a little bit of gold in your investments. It can help protect against big market swings and inflation. Knowing how the gold investments Azerbaijan work can help investors make better choices.
“Gold prices tend to rise when demand exceeds supply and vice versa. Macroeconomic and geopolitical events can significantly impact the supply and demand dynamics, leading to fluctuations in gold prices.”
Historical Gold Price Analysis in Azerbaijan
Looking at the gold price history in Azerbaijan shows interesting trends. The gold price has changed a lot over the past year. Today, it is 4,476.17 AZN per ounce.
This is a -1.53% drop from yesterday. It’s also a -4.16% fall over the last 30 days.
The highest gold price in Azerbaijan was 4,732.85 AZN. The lowest was 4,354.75 AZN. This data helps us understand the gold market trends in Azerbaijan.
It helps traders and investors make smart choices. They can find new chances in the gold market.
Price Trends and Patterns
The gold price in Azerbaijan has shown clear patterns. By looking at daily changes, we can spot trends. This helps us guess what the market will do next.
This study is key to knowing the gold price history in Azerbaijan. It also shows how gold prices affect other areas and the economy.
“The ups and downs in gold prices in Azerbaijan show the market’s lively nature. It offers both hurdles and chances for businesses and investors.”
To really get the gold market trends in Azerbaijan, we must look at many things. These include global economic conditions, political stability, and supply and demand. We also need to think about how rules affect the market.
By keeping up with the news and studying the past, we can make better choices. This way, we can take advantage of the changing gold prices in Azerbaijan.
Regional Gold Price Variations
In Azerbaijan, gold prices are pretty much the same in big cities. Baku, Ganja, Sumqayıt, Lankaran, and Nakhchivan all have prices around 4,476 AZN per ounce. This shows a fair and open gold market for everyone.
But, prices can change a bit in each city. This is because of local needs, how things get moved, or market conditions. Even so, gold prices in Azerbaijan stay pretty steady overall.
If you want to buy gold or just keep up with gold prices Azerbaijan cities and regional gold rates Azerbaijan, you’re in good shape. The market is clear and consistent. This helps both buyers and the country’s economy grow.