“AzerGold” CJSC has started selling 999.9 fineness silver bullion produced from local raw materials for the first time, with the aim of meeting the demand for silver bullion in the country through local products and expanding investment opportunities.
According to the information provided by “AzerGold” to elchi, the rapid development of green energy technologies in recent years and the significant increase in the use of silver in the electronics industry have further strengthened the strategic role of this precious metal in the global market. At the same time, the growing demand for silver in international markets has created favorable conditions for it to occupy a more attractive position among investment assets.
In addition to contributing to the expansion of the value chain, the introduction of silver bullion to the market aims to form an alternative investment tool for citizens. In the initial stage, products are offered to consumers in weights of 250, 500, and 1000 grams, and in the next stage, it is planned to produce new varieties in different weight categories, taking into account market demand, investor interest, and consumer preferences.
It should be noted that the buyback of silver bullion will also be carried out in national currency at the Sales and Exchange Center. The mentioned products will be bought back from consumers based on the daily official exchange rate of the Central Bank of the Republic of Azerbaijan, with a 10% surcharge applied to the metal value of the bullion.
Silver bullion is offered to buyers at the Sales and Exchange Center located at 3 Bulbul Avenue, Baku, as well as through the online sales platform www.azergold.gift.