Central Bank data indicates that gold and bullion prices in Uzbekistan have fallen to a record high since the start of the year.

In March-April, one gram of precious metal at its peak was estimated at over 750,000 UZS soms per gram (3.75 million UZS per 5-gram ingot). Over the past few months, its value has fallen by 15.9%. On September 5, a five-gram ingot was worth 3.15 million UZS, having lost nearly 1% compared to the level recorded before the long holiday weekend.

The regulator started selling commemorative gold coins to the public in 2018, and two years later, gold bars were also made available. Individual buyers were allowed to export coins and ingots from Uzbekistan under certain conditions.

This decision was taken in response to a desire to reduce the dependence of the Uzbek economy on foreign currencies. In addition, according to experts, access to gold would expand investment opportunities and make it possible to secure savings. Gold coins and bullion can be bought and sold through commercial banks in Uzbekistan.