In Uzbekistan, the price of gold has reached a historic high. As of December 25, the price of one gram of a gold bar amounted to 1,788,000 soums. This is the highest figure recorded since gold bars began to be sold in the country.
According to the Central Bank, the price of gold increased by 0.3 percent in a single day and by nearly 60 percent compared to the beginning of the year. Notably, gold prices have set a new record more than 45 times during the current year alone.
On the global market, the price of the precious metal has also experienced significant fluctuations. On October 24, the price of one troy ounce of gold exceeded 4,500 dollars for the first time in history, marking a historic result. At present, it is trading at around 4,480 dollars.
However, sharp declines were also observed during the year. For example, at the end of October, gold prices briefly fell below 4,000 dollars, dropping to 3,970 dollars. Reuters explained this by improvements in trade relations between the United States and China.
According to available data, amid rising global prices, Uzbekistan exported nearly 10 billion dollars’ worth of gold over 11 months. As of December 1, the country’s gold and foreign exchange reserves reached 61.2 billion dollars, which is also a record figure.
In short, the gold market remains in the spotlight — both growth and unexpected declines continue to serve as serious signals for investors.
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