Gizilgaya was a winter pasture located in the territory of the Gazakh uezd of the former Yelizavetpol (Ganja) governorate, later in the former Chambarak (Krasnoselsk) district, near the village of Golkend (Aygut) of the present Gegharkunik province. In 1930, it was subordinated to the former Dilijan district.

The pasture was inhabited by 12 Azerbaijanis in 1926. It was dissolved in the 1930s.

The toponym was coined by combining the word “gizil” used in the sense of “red” and the word “gaya” (a rock).