The price of a 5-gram gold bar, according to the Central Bank of Uzbekistan, is currently UZS 4.9mn (approximately $389). This marks a decrease of about 3.5% from the price on May 20, which was UZS 5.1mn (around $407).
The Central Bank of Uzbekistan's most recent data, released on May 24, reveals the current pricing for different gold bar denominations. As of now, a five-gram gold bar is listed at UZS 4.98mn ($389), while a ten-gram bar is priced at UZS 9.9mn ($779). Larger denominations include the twenty-gram and fifty-gram bars, which are valued at UZS 19.9 million ($1,559) and UZS 49.8mn ($3,897) respectively.
Similarly, the prices for commemorative coins have also seen a slight decrease. A fifteen-gram coin is now valued at UZS 15mn ($1,180), and a twenty-gram coin at UZS 20mn ($1,574). On May 20, the prices were UZS 15.6mn ($1,223) for the fifteen-gram coin and UZS 20.8mn ($1,631) for the twenty-gram coin. This represents a decrease of approximately 3.5% for the fifteen-gram coin and twenty-gram coin.
The standard thirty-one-gram coin now costs UZS 31.3mn ($2,447), while a special issue thirty-one-gram coin is priced at UZS 777,000 ($60).
The surge in gold prices began earlier this year, with a gram of gold surpassing UZS 1mn ($80) in April, representing a 21.7% increase since January. These rises are in line with global trends, where gold prices have reached multi-year highs. As of now, a troy ounce of gold is valued at $2,443, which translates to $78.6 per gram.
Local market observers note that the increasing value of gold in Uzbekistan reflects broader economic trends and investor behavior, as citizens seek to protect their wealth against inflation and currency fluctuations.
Follow Daryo's official Instagram and Twitter pages to keep current on world news.
Comments (0)