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

 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