Central Bank of Uzbekistan Publishes Gold Bullion Buyback Rates for the First Time

Tashkent, Uzbekistan (UzDaily.com) — The Central Bank of Uzbekistan has, for the first time, published the rates at which commercial banks will repurchase gold bullion from the public. The listed prices are effective as of January 5.

The final payout depends directly on the physical condition of the bullion. Gold bars in intact factory packaging with a seal are accepted at the maximum rate, whereas damaged or unsealed bars are subject to a reduced rate.

Specifically, the buyback price for a 5-gram bar ranges from 8.311 million to 8.395 million soums, for a 10-gram bar from 16.621 million to 16.791 million soums, and for a 20-gram bar from 33.243 million to 33.582 million soums.

For a 50-gram bar, banks are willing to pay between 83.107 million and 83.955 million soums, and for a 100-gram bar, from 166.214 million to 167.910 million soums.

The Central Bank notes that publishing these rates for the first time increases transparency in the gold buyback mechanism and allows citizens to objectively assess the value of their precious metals.