Uzbekistan Increases Exchange-Traded Gold Volume from 6 to 8 Tonnes

Uzbekistan will raise the volume of gold offered on the commodity exchange from 6 to 8 tonnes this year, making more raw material available to local jewellery producers. The decision was announced at an industry development meeting chaired by President Shavkat Mirziyoyev.

According to the president, jewellery centres have opened in Tashkent, Andijan, and Khiva. Six more are expected to open by the end of the year.

He also stressed the need for greater order and transparency in the sector. To support this, the State Tax Committee and the Prosecutor General’s Office will tighten oversight of the jewellery industry. Business owners have been given one month to complete the mandatory product labelling process.

Earlier, Kursiv Uzbekistan reported that jewellers would be allowed to sell gold jewellery as individual entrepreneurs.