Baku: The State Oil Fund of Azerbaijan (SOFAZ) has increased its gold holdings to 200 tons.

According to Azeri-Press News Agency, SOFAZ purchased an additional 15.2 tons of gold in the last quarter of the previous year.

Overall, gold investments account for $28.0632 billion, which represents 38.2% of the Fund's US dollar portfolio. The increase in gold holdings underlines SOFAZ's strategic focus on diversifying its investments and securing financial stability.