BAKU: The price of an ounce of gold in Azerbaijan saw a significant decline by 87.15 manat, equivalent to $51.26, marking a 1.93 percent decrease by the end of the week. This development was reported amidst fluctuating trends observed in the precious metals market.

According to Trend News Agency, despite the end-of-week drop, the weighted average cost of an ounce of gold showed an increase from last week. The price grew by 65.97 manat, or $38.8, representing a 1.47 percent rise. This brought the average cost to 4,542 manat, approximately $2,671.

The shifting prices of gold reflect broader market dynamics and contribute to ongoing discussions among stakeholders in the precious metals industry. Market analysts are closely monitoring these trends to understand the implications for the Azerbaijani economy and investors.