Why is this important
The increase in demand for gold is linked to its record price increase — the precious metal has broken its historical high for the 35th time since the beginning of the year. The bank deficit reflects the activity of the population seeking protection for savings against currency risks.
What happened
Only 17 bars remained in the banks of Tashkent:
- Kapital Bank — 13;
- National Bank — 3;
- Asaka bank — 1.
In the country’s branches, there are only 159 bars.
- Kashkadarya leads in reserves — 43 bars (mainly in Agrobank and Business Development Bank).
- Namangan — 42 bars (Uzmilliybank and Chortoq branch).
- Karakalpakstan — 24 bars.
- Navai — 12 bars.
- A complete absence of reserves was noted in the Tashkent and Jizzakh regions.
What they say
According to the Central Bank, public interest in gold is growing amid instability in global markets and falling dollar prices. In just nine months of 2025, banks sold more than 380 kg of gold — 61% more than in 2024.
Context
As of October 3, the price of a gram of gold was 1,551,650 soums, and a 5-g bullion — 7.76 million soums. Gold prices have broken the record for the 35th time since the beginning of the year, rising by 37%. In August, the Central Bank also increased its reserves by purchasing 2 tons of gold according to the World Gold Council (WGC).
