On Wednesday, February 5, the prices of gold bars reached a new high for the fourth consecutive trading day. This was reported by the Central Bank.
A five-gram bar is offered at 6.114 million soums. The price for one gram of the precious metal has hit 1,222,730 soums, increasing by 0.7% for the day and nearly 8% since the beginning of the year.
On the global market, gold quotes continue to set records. The price for a troy ounce reached $2,855, which is equivalent to $91.82 per gram. The average price rose by 1.3% in a single day and by 38.5% over the year.
The Central Bank began selling gold coins to the public in 2018, and two years later, gold bars were added to the offerings. Individual buyers are allowed to export them from Uzbekistan under certain conditions.
These measures are aimed at reducing the Uzbek economy's dependence on foreign currency. Additionally, experts say that access to gold will expand investment opportunities and help safeguard savings.
Coins and bars can be bought and sold through commercial banks—Spot has published the relevant instructions. Prices are updated daily and are available on the Central Bank's website and in the Telegram bot.
According to the latest published data from the Central Bank, as of September 2023, Uzbekistanis held 255 kg of standard bars. The most popular were the 10-gram bars.
From 2021 to 2023, the Central Bank minted 3,550 gold commemorative coins in five series, totaling 72 kg. In October 2024, the regulator sold all coins that had been issued up to that point.
Earlier, Spot reported that in 2024, Uzbekistan issued a record volume of eurobonds amounting to $4 billion.