• $ 1.7
  • € 1.9834
  • ₽ 0.020901
  • ₺ 0.0412
  • £ 2.2866

Gold prices rise as Azerbaijan's Oil Fund buys 15.8 tonnes in Q2

Gold prices rise as Azerbaijan's Oil Fund buys 15.8 tonnes in Q2
15.08.2025 11:00

 Gold futures rose by 0.28% to $3,392.7 per troy ounce, according to data from the COMEX exchange.

September silver futures were up 0.11% to $38.11 per ounce.

In June 2025, Azerbaijan exported $22.97 million worth of gold, an increase of 81.4% compared to the same period last year.

Non-oil exports from Azerbaijan in the first half of the year totaled $1.8 billion, up 9.9% year-on-year.

The State Oil Fund of Azerbaijan (SOFAZ) purchased 15.8 tonnes of gold in the second quarter of 2025. As of July 1, gold accounted for 28.8% of the Fund’s investment portfolio, up 3 percentage points from April 1, the Fund said.

The increase was attributed to both additional gold purchases and rising prices on international markets.

 by Aytac Zeynalova

Similar news
Similar news
OPEC+ exceeds output cut target with 102% compliance — Novak
Business 15:00
OPEC+ exceeds output cut target with 102% compliance — Novak
Three killed, several injured in accident at Nakhchivan resort
Business 14:30
Three killed, several injured in accident at Nakhchivan resort
Eric Trump becomes billionaire after American Bitcoin shares surge
Business 10:00
Eric Trump becomes billionaire after American Bitcoin shares surge
Turkey’s TPAO eyes BP’s former Caspian projects, seeks role in Dostlug field
Business 18:00
Turkey’s TPAO eyes BP’s former Caspian projects, seeks role in Dostlug field
Baku ICPC 2025: Kapital Bank takes part in a global programming project
Business 16:53
Baku ICPC 2025: Kapital Bank takes part in a global programming project
Moody’s: Azerbaijan emerges as regional leader in renewable energy
Business 14:00
Moody’s: Azerbaijan emerges as regional leader in renewable energy
Azeri Light crude rises above $71 per barrel
Business 13:00
Azeri Light crude rises above $71 per barrel
SOCAR to invest $280 mln in Pakistan’s White Oil Pipeline
Business 12:30
SOCAR to invest $280 mln in Pakistan’s White Oil Pipeline
Azerbaijan Central Bank exchange rates
Business 12:00
Azerbaijan Central Bank exchange rates
Anews TV

Our official Youtube channel

Subscribe