Uzbekistan’s gold reserves reached 390.3 tons, ranking 14th in the global standings. This was reported in the World Gold Council’s report.
According to the analysis, the republic surpassed Portugal (382.7 tons) and Kazakhstan (341 tons) by this indicator. In 2025 alone, Uzbekistan purchased 7.8 tons of precious metal. The total volume of purchases between 2020 and 2025 amounted to 54.4 tons.
Globally, Poland became the leader in gold purchases in 2025: the country’s central bank accumulated nearly 102 tons over the year. It was followed by Kazakhstan (57 tons) and Azerbaijan (53.4 tons). Brazil and Turkey also entered the top five.
Gold prices also surged sharply: while at the beginning of 2025 one ounce cost around $2,800, at the beginning of 2026 it exceeded $5,000. Last year, the main sellers were Singapore (26.4 tons) and Russia (6.2 tons), while in the long term China remains the largest buyer, having accumulated 358 tons since 2020.
The largest reserves are held by the United States — 8,100 tons. As of February 1, 2026, Uzbekistan’s gold and foreign exchange reserves reached $75 billion, of which $65 billion accounts for the value of gold reserves. If the trend continues, Uzbekistan’s position in the ranking may rise further.
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