Azerbaijan increases gold reserves

The State Service for Control on Precious Metals and Precious Stones under the Azerbaijani Finance Ministry received its profit share - 3,998.2 troy ounces (124.4 kg) of gold extracted in Gadabay, after purification in Geneva and were placed in  the Central Bank of Azerbaijan.

Based on the ministry’s date, beforehand, 12,514.7 troy ounces of 999.9 carat gold bullion was received and placed in the Central Bank. As of today, Azerbaijan’s gold in Central Bank reached 16,512.9 troy ounces (513.6 kg). Market value makes $ 28.4 mln.