Baku 20° C
Azerbaijan's oil fund joins world's top 5 gold buyers in 2024
Finance
- 01 November, 2024
- 16:00
Add Report.az to preferred Google sources
Stay up to date with the top news!
Azerbaijan's State Oil Fund (SOFAZ) has secured a spot among the world's top five gold buyers by the end of the third quarter of 2024, Report informs, citing the World Gold Council (WGC).
The report reveals that Poland topped the list with over 60 tons of gold purchases, followed closely by Türkiye with around 60 tons. India secured the third position with more than 50 tons, while China and SOFAZ bought over 30 tons each, placing them in the fourth and fifth positions, respectively.
As of October 1, 2024, SOFAZ's gold reserves stood at an impressive 127 tons, marking a 17.7% increase compared to the previous year.
Author
SOFAZ bu il dünyada qızıl alınmalarına görə TOP5-də qərarlaşıb
ГНФАР вошел в ТОП-5 по закупкам золота в мире в этом году
Latest News
14:04
East Azeri produces 645 million barrels of oil to date
Energy
13:48
Azerbaijan saved 840MCM of gas at renewables' expense for 9 months
Energy
13:46
Photo
Leyla Aliyeva, Oguljahan Atabayeva and Saida Mirziyoyeva hold trilateral meeting in Ashgabat
Foreign policy
13:45
FMS official: Administrative fines may create problems for banks' international ties
Finance
13:37
Kallas: EU needs to step up efforts to counter air and maritime threats
Other countries
13:21
Freight transit through Azerbaijan reaches five-year high
Infrastructure
13:19
Director general: Baku seismic assessment to be completed in February 2027
Education and science
13:09
AAA-rated assets account for nearly 27% of SOFAZ portfolio
Finance
13:05
Archil Sikharulidze: Friendship between Azerbaijan, Georgia should continue to develop
Foreign policy