Banks in Uzbekistan to Offer Gold Bullion Sales via Mobile Apps

Tashkent, Uzbekistan (UzDaily.com) — The Ministry of Justice of the Republic of Uzbekistan has registered a new regulation titled “On the Procedure for Banks’ Operations with Precious Metals” (registration number 3698, on 3 November 2025). The document establishes rules for conducting operations with precious metals for all banks, including microfinance organizations.

Under the regulation, banks are authorized to conduct several types of operations with precious metals. In particular, clients will be able to buy and sell standard gold bars through the bank’s mobile application.

Banks will also have the right to carry out sale and repurchase transactions of standard gold bars with the Central Bank, as well as conduct operations with precious metals in electronic (non-physical) form.

The sale and repurchase of gold bars between the bank and the client will be executed through acceptance of an offer in the mobile application. Upon successful payment, a unique “secret code” corresponding to the purchased gold bar appears in the app. To receive the physical bar, the client must present an identity document along with the specified secret code.

The regulation is aimed at simplifying and digitalizing precious metals transactions, increasing transparency, and enhancing the security of deals for clients within Uzbekistan’s banking system.