Gold goes down in price in Azerbaijan

Yet, it did not occur.

According to jeweller Eldar Mustafayev, though the rise in price of first rate gold was observed 2-2.5 months ago (the price reached its peak of $27.7 per a gram), the prices started to decline later.

Currently, the price of a gram of first rate gold stands at $27.

The cost of worse types of gold are defined by jewellers relative to the cost of the first rate gold as cheap jewels are made of high rate gold mixed with cheap precious metals.

E.Mustafayev considers that the decline in the cost of gold on the Baku market is due to the fall in oil prices on the global market, as the cost of gold depends on prices on energy sources worldwide.

As an answer to the request to forecast further changes in prices of gold, Mustafayev said: "They say the  prices of gold will rise up to $30 by New Year. Yet, I do not believe that the prices will rise by $2.3 within the rest 10 days. The prices of gold will probably continue rising after the holidays".

/Day.Az/