Uzbekistan

Domestic Gold Prices Reach All-Time Highs Amid Global Increase

Gold prices continue to soar in Uzbekistan, reaching new record highs in less than three weeks. According to the Central Bank of Uzbekistan, the price of gold has surged by 4.5% on the domestic market, with a 5-gram bar now priced at 5.916 million UZS and the price per gram reaching 1,183,230 UZS.

The Central Bank recently introduced 100-gram bars for sale, aiming to provide more investment opportunities for the population. This move comes as gold prices on the global market are also on the rise, with a troy ounce trading at approximately $2,750.

Since 2018, the Central Bank has been selling gold coins to the public, with gold bars being added to the offerings two years later. Private buyers are also allowed to export gold bars from Uzbekistan under certain conditions.

These initiatives not only aim to reduce Uzbekistan’s economic dependence on foreign currency but also increase investment opportunities and help individuals protect their savings. With gold prices continuing to climb, many see investing in gold as a way to safeguard their wealth in uncertain times.

 

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