Prices for gold bars and coins on the rise

On Friday, April 14, the Central Bank of Uzbekistan updated the prices of measured gold bars and commemorative coins.

A 5-gram gold bar is valued at 3,877,000 soums, which is a new maximum since the start of their sale in 2020. One gram costs 775,360 soums, or 2.1% more than the day before.

Gold has steadily risen in price in recent months, on March 27 for the first time stepping over the mark of 760,000 soums per gram or 3.8 million soums for a 5-gram bar. However, after that, prices dropped a little, with bars being valued at 3.707 million soums.

The previous price peak was observed in March 2022, when the cost of a 5-gram bar reached 3.755 million soums. However, in the following months, the precious metal quotes dropped by 16%, hitting a low in early November.

With the onset of winter, the value of gold increased dramatically. Over the first two days of December, it has risen in price by about 4.5% - for example, a 5-gram bar on December 2 cost 3.377 million soums instead of 3.232 million.

The commemorative coins also set a price record. For example, a 15-gram coin now costs 11,743,000 soums.