Gold is flying, the dollar is moving: which one is more profitable to invest in?

In recent months, one of the most discussed topics among the people of Uzbekistan has been the rise in gold and dollar prices. Which is growing faster? Which one is more profitable to invest in right now? Let’s analyze it based on real numbers.

What do the numbers say?

Gold price:
- In February 2025, the price of 1 gram of gold was 1,236,000 UZS.
- As of May 21, 2025, 1 gram of gold reached 1,402,250 UZS.

This means that in three months, the price of gold increased by almost 170,000 UZS, or about 13.5%.

Dollar exchange rate:
- At the end of February 2025: between 12,400 – 12,600 UZS.
- On May 21, 2025: 12,892.91 UZS.

This shows an increase of about 2–3%.

Who’s winning?
If you had bought gold worth 10 million UZS in February 2025, its current value would be over 11.3 million UZS. But if you had exchanged the same amount into dollars, its current value would be only around 10.2 million UZS.

Why is gold rising faster?
Due to global economic instability and geopolitical concerns, demand for gold has increased in international markets.

As inflation risks grow, people prefer tangible assets like precious metals — especially gold — over paper currencies.

Gold is a symbol of historical trust. Even during crises, it retains or increases in value.

But be cautious:
- Gold prices are also affected by global market news.
- The dollar, as a symbol of stability, may be a safer option for long-term investment.