Gold Prices in Uzbekistan Hit Record High
Economy
Uzbekistan has recorded a new historical peak in gold prices—a five-gram gold bar now costs 6.29 million soums, surpassing the previous record. Since the beginning of the year, the precious metal has risen by more than 11%, reflecting the growing interest of investors.
On February 17, the Central Bank announced a new all-time high, as the price of a five-gram gold bar reached 6.29 million soums, exceeding the previous record set on February 14, when it was 6.27 million soums.
Since the start of the year, gold prices in Uzbekistan have risen by 11.1%, following global market trends. The increase has affected not only five-gram bars but also other weights:
- 10 g – 12.58 million soums,
- 20 g – 25.16 million soums,
- 50 g – 62.9 million soums,
- 100 g – 125.8 million soums.
Experts attribute the rise in gold prices to several factors. Firstly, global gold prices have reached record highs due to economic uncertainty worldwide. Secondly, investors see gold as a safe-haven asset amid rising inflation risks and trade wars. Thirdly, central banks in many countries have increased their gold reserves, further driving demand.
Given current global market trends, gold is expected to strengthen further, impacting both investment strategies and gold prices in Uzbekistan.
Since the start of the year, gold prices in Uzbekistan have risen by 11.1%, following global market trends. The increase has affected not only five-gram bars but also other weights:
- 10 g – 12.58 million soums,
- 20 g – 25.16 million soums,
- 50 g – 62.9 million soums,
- 100 g – 125.8 million soums.
Experts attribute the rise in gold prices to several factors. Firstly, global gold prices have reached record highs due to economic uncertainty worldwide. Secondly, investors see gold as a safe-haven asset amid rising inflation risks and trade wars. Thirdly, central banks in many countries have increased their gold reserves, further driving demand.
Given current global market trends, gold is expected to strengthen further, impacting both investment strategies and gold prices in Uzbekistan.
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