Gold Bar Prices in Uzbekistan Reach All-Time High

The price of gold bars in Uzbekistan has soared to a new record of UZS 1,521,000 per gram, reflecting a sharp increase of 34.4% since the start of 2025.

The Central Bank of Uzbekistan regularly updates the prices of standard gold bars. According to data released on 23 September, the price of a 5-gram bar stood at UZS 7,609,000, equivalent to UZS 1,521,000 per gram, The Caspian Post reports, citing Uzbek media.

Kun.uz calculations show that since January 2025, gold bars in Uzbekistan have risen by nearly 34.4 percent. The 5-gram bar, which cost UZS 5.66 million in January, reached UZS 7.6 million by September. Compared with the same period last year, prices are up 37.2 percent.

As of 23 September, the prices of gold bars were as follows:

• 5 grams - UZS 7,609,000
• 10 grams - UZS 15,219,000
• 20 grams - UZS 30,438,000
• 50 grams - UZS 76,094,000
• 100 grams - UZS 152,188,000

Since the beginning of the year, domestic gold prices have renewed their record high 31 times.

On the global market, gold has also significantly appreciated, with one ounce reaching $3,754. Growing demand for precious metals has been supported by the Federal Reserve’s rate cut to 4-4.25 percent.

For reference, the Central Bank of Uzbekistan introduced commemorative gold and silver coins in 2018. From November 2020, citizens were also given the opportunity to hold their savings in the form of gold bars, with commercial banks selling 5, 10, 20, and 50-gram bars.

Gold bar prices are revised throughout the day by the Central Bank in line with international precious metals market conditions, making them highly volatile.

The 100-gram gold bar was first introduced to the Uzbek market on 17 January 2025.