AzerGold pays AZN 1.15 million to customers through buyback of coins and bullion

Since 2021, AzerGold CJSC has been realizing buyback of gold products sold by the Company, which is aimed at increasing the circulation of precious metals in the domestic retail market and expanding investment opportunities for citizens.

From January to May 2025, the Company purchased 85 ounces of gold coins and bullion back from the citizens. It represents a 244% increase compared to the same period of the previous year. Customers received AZN 459,000 a result of these buyback transactions, which means a 376% increase compared to 2024.

Throughout the operational period of the Company, a total of 274.4 ounces of precious metal products have been received through buyback transactions, with total payments of AZN 1.15 million. Of this amount, 260.8 ounces were resold, making AZN 1.23 million revenue.

In case you are interested, the buyback of products sold by AzerGold is provided at the Company's Sales and Exchange Centre in Baku. For the buyback process, customers are required to present the product along with its quality certificate. Upon verification by the expert at the Centre, payment is made to the customer based on the daily exchange rate set by the Central Bank of Azerbaijan, with an additional 2% of the gold value.

Since 2019, AzerGold CJSC has offered coins and bullion depicting Azerbaijan’s national and cultural heritage to the retail market for precious metals. This initiative aims not only to promote the country’s cultural values but also to enhance economic and investment potential, and contribute to reducing the informal economy in the trade of precious metals.