Bank Of Baku

State Oil Fund purchased 15.8 tons of gold in Q2

State Oil Fund purchased 15.8 tons of gold in Q2
# 23 July 2025 13:27 (UTC +04:00)

In the first half of this year, the revenues of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 8.8 billion manats, while expenditures totaled 7.3 billion manats, APA-Economics reports, citing the Fund.

According to the information, due to continued gold purchases and rising prices, gold's share in the portfolio reached 28.8%, which is 3% higher compared to the previous quarter. During the second quarter alone, SOFAZ purchased 15.8 tons of gold.

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