On Monday, February 3rd, the prices of gold bars and commemorative coins reached a new high. This was reported by the Central Bank.
The price of a gram of gold is 1,197,760 sums—an increase of 780 sums or 0.065% from Friday. A 5-gram gold bar is sold for 5.989 million sums.
A slight correction in prices occurred in the global market. A troy ounce is priced at $2,779, which is a decrease of 0.6% compared to the previous day.
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 were 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 believe that access to gold will enhance 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 posted on the Central Bank's website and via a Telegram bot.
According to the latest data released by the Central Bank, as of September 2023, Uzbekistan residents held 255 kg of standard gold bars. The most popular were the 10-gram bars.
Between 2021 and 2023, the Central Bank minted 3,550 gold commemorative coins across five series, totaling 72 kg. In October 2024, the regulator sold all the coins that had been released up to that point.
Earlier, Spot reported that the real effective exchange rate of the sum strengthened by nearly 6% over the past year.