In 2024, sales of precious metals on the commodity exchange (UzRTSB) increased by more than 60%, according to the press service of the trading platform.
Through exchange trading, 2912.1 kg of precious metals were sold, which is 61.78% more than in 2023. Of this amount, 2535.1 kg was gold, with an exchange quotation of 977.5 thousand sums per gram. Silver sales reached 377 kg, with an average price of 11,325.2 sums per gram.
UzRTSB did not disclose the sales value of precious metals. Based on the volumes and average prices, gold sales amounted to 2.47 trillion sums (an increase of 2.18 times), while silver sales reached 4.26 billion sums (+64.2%).
In January of this year, entrepreneurs purchased 195.7 kg of gold through the exchange. The average price of gold last month was 1.12 million sums per gram, and sales could have exceeded 219 billion sums.
The starting price for precious metals on the exchange is determined based on the last morning fixing of the London Bullion Market Association (LBMA) in the national currency at the official exchange rate of the Central Bank on the date of the transaction.
Currently, the LBMA fixing price for 1 ounce of gold is $2880.8. The seller of precious metals in the exchange market is AGMK, while the buyers are manufacturers of industrial products and jewelry producers.
Earlier, Spot reported that gold bar prices are hitting records again—6.3 million sums for 5 grams.