On Wednesday, February 19, the price of gold bullion reached a new high for the eleventh time this year. This was reported by the Central Bank.
One gram of gold is priced at 1,258,290 sums — an increase of 0.8% from yesterday and 0.025% higher than the previous record. A 5-gram bar costs 6.291 million sums.
The quotes for the precious metal on the global market are rising again following yesterday's decline. A troy ounce on the spot contract is valued at $2,928 (equivalent to $94.16 per gram), with the peak price approaching $2,940.
Since the beginning of the year, gold has become the most profitable asset amid the trade policy of the new U.S. President Donald Trump and the increasing tensions in global trade. Demand for the precious metal is supported by purchases from central banks around the world.
The Central Bank started 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, provided certain conditions are met.
These measures aim to reduce the Uzbek economy's dependence on foreign currency. Additionally, experts say 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 the Telegram bot.
According to the latest published data from the Central Bank, as of September 2023, Uzbeks held 255 kg of gold 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 at that time.
Earlier, Spot reported on the circumstances under which bank clients must explain the origin of their funds.