Rovshan Amirjanov, Deputy Chairman of the “Azerbaijan Jewelers Association” public union and Chairman of the Technical Committee for Precious Metals and Stones, noted that the price of a gram of 999.9-purity gold currently stood at $88.
With rising demand in international markets, a steady increase in gold exports from Azerbaijan is anticipated.
“Production and export figures are expected to surpass previous periods. The sustainable development of the gold industry, in line with the diversification of Azerbaijan’s economy, suggests that the strategic significance of this sector within the country’s overall export portfolio will continue to strengthen,” he added.
Amirjanov also reported increased production and sales by AzerGold.
“The state company successfully continued its operations in gold mining and sales through the first three quarters of 2024. During this period, 48,700 ounces of gold were mined, representing a 27% increase compared to the same timeframe last year. The state company also produced around 69,200 ounces of silver. According to sales figures, in the first nine months of 2024, AzerGold sold about 40,200 ounces of gold and 54,700 ounces of silver on both local and international markets,” he concluded. (Trend)
