The cost of gold in Uzbekistan. Photo: Unsplash17, the price of a five-gram gold bar exceeded 6.42 mln soums for the first time. This data was published by the Central Bank of Uzbekistan.
Since the beginning of this year, the price of a five-gram bar has increased by 13.5%.
The prices of ten-gram and twenty-gram gold bars have also risen, reaching 12.8 mln soums and 25.7 mln soums, respectively. The price of a fifty-gram bar has increased to 64.2 mln soums, while a one-hundred-gram bar is now priced at 128.5 mln soums.
Investment bank Macquarie forecasts that the price of gold may reach a record high of $3,500 per ounce in the third quarter of this year. Analysts also expect an increase in demand for precious metals in the form of jewelry and investment bars.
Kursiv Uzbekistan also reports that in January, the Central Bank of Uzbekistan became the largest buyer of gold in the world.
