Azerbaijan's gold reserves exceed 165 tons

Thu April 17 2025

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has increased investments in gold, APA-Economics reports citing SOFAZ.

In the first quarter of 2025, gold investments accounted for USD 16.1344 billion or 25.8% of the Fund’s investment portfolio. Over the three-month period, SOFAZ increased its gold investments by USD 3.7798 billion. At the end of last year, gold made up USD 12.3546 billion or 20.6% of the investment portfolio.

Note that SOFAZ purchased 18.7 tons of gold in the first quarter of this year. As a result, the Fund’s gold reserves rose from 146.6 tons at the end of 2024 to 165.3 tons as of April 1, 2025. In total, SOFAZ has acquired 63.5 tons of gold since the beginning of 2024 until now.

Source: https://en.apa.az/