The price of standard gold bars reached a new all-time high on Thursday, February 6, according to the Central Bank.
One gram of the precious metal is currently priced at 1,235,920 sums, which is 1.1% higher than Wednesday. A 5-gram bar is valued at 6.18 million sums.
Prices have been hitting record levels for the fifth consecutive trading day, showing a growth of 4.2% over the week and 9.15% since the beginning of the year. Compared to the same day last year, gold has increased in price by 48%.
Global quotes for the precious metal continue to set records as well. A troy ounce is selling for $2870, which is approximately $92.3 per gram.
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 permitted to export these from Uzbekistan under certain conditions.
These measures aim to reduce the Uzbek economy's dependence on foreign currency. Additionally, experts state that access to gold will expand investment opportunities and help secure 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 its 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 January, Uzbekistan attracted $3 billion in foreign investments.