Central Bank reports record daily surge in gold bar prices

The price of standardized gold bars in Uzbekistan surged sharply on Thursday, April 10, according to the Central Bank.

One gram of gold is now priced at 1,332,780 UZS, a 3.37% increase or 43,470 UZS more than the previous day — the largest single-day increase ever recorded since the Central Bank began publishing gold prices.

The price of a 5-gram bar rose to 6.664 million UZS, gaining 217,000 UZS in just one day. Prior to this, gold prices had declined for four consecutive business days after reaching a peak of 1,351,440 UZS per gram on April 3.

Globally, gold prices have also experienced a sharp rebound following several days of decline. The current price of a troy ounce stands at $3,129 (roughly $100.6 per gram), marking a 1.5% increase in just 24 hours.

Since the beginning of the year, gold has emerged as one of the most profitable assets amid trade policies under U.S. President Donald Trump. The demand for the precious metal has been bolstered by sustained purchases from central banks around the world. Analysts suggest that gold prices could reach $3,500 per troy ounce this year.