Gold prices in Uzbekistan drop after global market downturn

The price of a 5-gram gold bar dropped to UZS 8.32 million, losing UZS 367,000 in a single day.

The Central Bank of Uzbekistan has updated domestic gold prices. As of 22 October, the price of one gram stood at UZS 1,666,523 – a decrease of more than UZS 73,000 over the past 24 hours.

On 21 October, gold prices on the New York Commodity Exchange (COMEX) fell to $4,000 per troy ounce, marking the largest one-day drop since 2020.

This decline came a day after gold had reached $4,380 per troy ounce. According to the Central Bank, on 20 October, one gram of gold was priced at UZS 1,717,880.

As of 10:00 on 22 October, COMEX prices stood at $4,160 per troy ounce, equivalent to $133.76 per gram.

The Central Bank began selling gold bars in 2020. The bars are made of 999.9 fine gold and are currently available in weights of 5, 10, 20, 50, and 100 grams.

Selling prices for the bars are published daily on the official website of the Central Bank of Uzbekistan in the national currency.