Uzbekistan's gold prices rise 1.8% in one day, hitting $353
Economy
Gold prices in Uzbekistan rised to new heights on, March 6, marking the third consecutive day of record-breaking figures, as disclosed by the Central Bank of Uzbekistan.
The value of one gram of gold increased to UZS 885,280 ($70.64), reflecting a notable 1.8% increase within the day alone. A 5-gram gold ingot now commands a price of UZS 4.426 mn ($353) compared to the March 4, where 5-gram gold ingot was $346.
It should be noted that since 2018, the Central Bank of Uzbekistan has introduced gold coins to the public, followed by gold bars two years later. This initiative aims to decrease Uzbekistan's dependence on foreign currency and diversify the economy. Individual buyers can export these assets, subject to specific conditions, facilitating transactions through commercial banks.
It should be noted that since 2018, the Central Bank of Uzbekistan has introduced gold coins to the public, followed by gold bars two years later. This initiative aims to decrease Uzbekistan's dependence on foreign currency and diversify the economy. Individual buyers can export these assets, subject to specific conditions, facilitating transactions through commercial banks.
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