Gold Bar Sales in Uzbekistan in 2025 Surpass Entire Previous Year’s Figures

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan is witnessing record demand for measured gold bars in 2025, with sales already exceeding the total figures for the entire previous year, Sanjar Valiyev, Head of the International Reserves Management Department at the Central Bank, reported.

According to the regulator, as of 19 September, 380 kilograms of gold bars had been sold to 17,387 buyers. This represents a 61% increase in volume and a 20% rise in the number of transactions compared to the whole of 2024. On average, each purchase amounted to 21.85 grams of gold, or about 161.57 million soums (based on Friday’s exchange rate).

Since 2020, sales of measured gold bars have increased nearly ninefold, while the number of purchases has risen more than sevenfold. The sharpest surge came in 2024, when sales volumes grew 2.2 times and the number of transactions more than 2.5 times.

Gold prices have also continued to reach historic highs. On Wednesday, 17 September, the price per gram of gold in Uzbekistan reached 1,510,660 soums, up 0.36% from the previous level. A 5-gram bar was valued at 7.553 million soums, surpassing the previous record by 22,000 soums.

Since the beginning of 2025, gold has set a new price record for the 30th time. Over eight and a half months, it has risen by 33.4%, and by 38.3% year-on-year (from 1,092,460 soums per gram).

Experts attribute the surge in public interest in gold to rising global market prices and citizens’ efforts to diversify their savings amid inflationary risks.