UZEX records the first deal on the sale of gold
Tashkent, Uzbekistan (UzDaily.com) -- Last week, Uzbekistan Commodity Exchange (UZEX) recorded the first exchange trade for sale of gold. Almalyk Mining and Metallurgy Combine (AGMK) acted as the gold seller.
Following the auction, 600 grams of Au-1 gold worth 209.06 million soums were sold. The exchange quotation was fixed almost at the level of the starting price and amounted to 348,400 soums per 1 gram of gold.
Precious metals began to be sold through the UZEX exchange trades in accordance with the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 186 dated 1 March 2019 “On approval of the Regulation on the sale of precious metals at the exchange trading of the Uzbek Republican Commodity and Raw Materials Exchange”.
Exchange trades in precious metals are carried out in accordance with the legislation, the rules of exchange trades and settlement and clearing services. Acquired at exchange trading precious metals are not subject to sale for export.