Azerbaijan’s state-owned mining company, AzerGold CJSC, has
begun selling 999.9 fine silver bullion bars produced from locally
sourced raw materials for the first time, aiming to meet domestic
demand and broaden investment opportunities in the country,
AzerNEWS reports.
The company said the launch comes amid growing global demand for
silver, driven by the rapid expansion of green energy technologies
and the increasing use of the precious metal in the electronics
industry. These trends have further strengthened silver’s strategic
importance in international markets and enhanced its attractiveness
as an investment asset.
The introduction of silver bullion bars is expected to
contribute to the expansion of the value chain while also providing
citizens with an alternative investment instrument.
At the initial stage, the products are being offered in weights
of 250 grams, 500 grams and 1,000 grams. The company plans to
introduce additional weight categories in the future, taking into
account market demand, investor interest and consumer
preferences.
AzerGold also noted that the silver bars can be sold back to the
company’s Sales and Exchange Center in the national currency. The
products will be repurchased from consumers based on the daily
official exchange rate set by the Central Bank of Azerbaijan, with
an additional payment equivalent to 10% of the bullion’s metal
value.
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