BAKU — The prices of various precious metals in Azerbaijan have seen significant increases this week, affecting gold, silver, platinum, and palladium.

According to a new release by Trend News Agency, the price of an ounce of gold increased by 26.4775 manat, or $15.57 (0.79 percent), with the average price reaching 3,365.8249 manat ($1,979.9). The price of an ounce of silver increased by 0.6014 manat, or 35 cents (1.52 percent), totaling 39.1621 manat ($23.04). The price of an ounce of platinum increased by 27.2085 manat, or $16 (1.79 percent), and the weighted average cost amounted to 1,528.7675 manat ($899.27). The price of an ounce of palladium increased by 67.2435 manat, or $39.55 (3.59 percent), with the weighted average cost being 1,914.3496 manat ($1,126.09).