Global rally sends Uzbekistan’s gold prices to record levels
In just over three months, the precious metal has gained nearly 25% in value.

On Wednesday, April 16, the prices of standardized gold bars sold through commercial banks in Uzbekistan hit a new all-time high, according to the Central Bank.
One gram of gold is now priced at 1,413,030 UZS — up 2% from the previous day and 1.65% higher than the last record. A 5-gram bar is being offered at 7.065 million UZS.
Since the beginning of the year, gold prices have surged by 24.5%, and over the past 12 months, they have increased by 41.9%. Global gold prices are also setting new records following a brief correction — the price of a troy ounce has surpassed $3,275 (equivalent to around $105 per gram).
So far this year, gold has become one of the most profitable assets amid the trade policies of U.S. President Donald Trump. The global demand for gold continues to be driven by large-scale purchases by central banks.
Analysts do not rule out further price increases, with forecasts suggesting gold could reach $3,500 per troy ounce this year. Goldman Sachs has raised its year-end forecast to $3,700 and noted that prices could climb even higher in the event of a recession.
Recommended
List of streets and intersections being repaired in Tashkent published
SOCIETY | 19:12 / 16.05.2024
Uzbekistan's flag flies high on Oceania's tallest volcano
SOCIETY | 17:54 / 15.05.2024
New tariffs to be introduced in Tashkent public transport
SOCIETY | 14:55 / 05.05.2023
Onix and Tracker cars withdrawn from sale
BUSINESS | 10:20 / 05.05.2023
Latest news
-
Uzbekistan’s permanent population nears 38 million
SOCIETY | 20:08
-
Mirziyoyev and Putin discuss further strengthening trade and economic ties
POLITICS | 20:05
-
Uzbekistan showcases digital progress and media reform at WSIS+20
SOCIETY | 19:13
-
IELTS in Uzbekistan temporarily shifts to computer-only format after suspected answer leaks in paper-based tests
SOCIETY | 19:11
Related News

15:49
Uzbekistan plans to boost precious metals processing to 7 tons, jewelry exports to $300M

20:34 / 07.07.2025
Uzbekistan's economy expands 6.8% in first half of 2025

15:18 / 07.07.2025
Uzbekistan’s external debt hits $68.4B amid surge in corporate borrowing

16:15 / 04.07.2025