Gold prices in Uzbekistan have reached a historic peak - castings have become more expensive

The Central Bank announced updated tariffs for measured gold bars on October 6. The official value of 1 gram of gold has reached 1 million 572 thousand 600 soums - this is the highest figure in history.

Updated prices

5 g - 7,860,000 sum

10 g - 15,721,000 sum

20 g - 31,441,000 sum

50 g - 78,603,000 sum

100 g - 157,206,000 soums

Domestic market: record streak and growth rate

According to the Central Bank, the price of measured gold has broken records 36 times since the beginning of the year. Since January, the value has increased by 38.8%, and compared to the same day last year, the growth was 40.2%.

World market: ounce at historic level

The rise continues on the international stage: as of October 6, one troy ounce of gold reached $3,939 for the first time (approximately $126.65 per gram). Two factors have a major impact on development:

The probability of FED policy easing - reduced rates will increase the demand for gold;

The risk of "shutdown" in the USA - under conditions of uncertainty, investors move to a "safe harbor."

A number of analysts, including Goldman Sachs, warn that if pressure on Fed independence increases, the price of gold could reach up to $5,000 per ounce. Even a small amount of assets moving from Treasury bonds to gold can have a strong impact on global prices.

Reserves: also a record in Uzbekistan

By September 1, the country's gold and foreign currency reserves exceeded $50 billion for the first time. At that time, the value of gold reserves reached 40.06 billion dollars - this is also a record. According to the World Gold Council, Uzbekistan purchased 2 tons of gold in August.

Brief guide to the investor

Diversification: not to concentrate all funds on one asset - let gold be part of the portfolio.

Volume selection: 5-10 g of castings have higher liquidity, 50-100 g - smaller spread.

Reselling: the integrity of the casting and packaging (blister) is important; check the terms in advance.

Risks: in the short term - price volatility; in the long term - protection against inflation.

Save: home safe or bank safe; keep the certificate and receipt as they are.

The high flight of gold has not yet ceased. External factors in the market - monetary policy, geopolitical risks, and investor sentiment - are expected to remain the main "drivers" in the coming months.