If you’re an investor in Uzbekistan, you watch the gold market closely. The gold price in Uzbekistan changes a lot. This is because of many things like how much gold is available and how much people want it.
On December 4, 2024, the gold price in Uzbekistan was 33,983,610 Uzbekistan Soms (UZS) per ounce. This is more than last year’s price of 24,951,236 UZS.
The spot price for gold in Uzbekistan is also 33,983,610 UZS per ounce. This is the price that traders and investors use to know the gold’s value. Gold prices can be a bit different in different places because of small price differences.
Key Takeaways
- The current gold price in Uzbekistan is 33,983,610 UZS per ounce, up from 24,951,236 UZS a year ago.
- The latest spot price for gold in Uzbekistan is also 33,983,610 UZS per ounce.
- Gold prices in Uzbekistan are influenced by supply and demand, as well as macroeconomic and geopolitical factors.
- Commodity markets, including gold, operate 24 hours a day, 5 days a week, with prices fluctuating throughout the day.
- Diversifying your portfolio with a recommended 5-10% allocation to gold can provide stability and risk mitigation.
Current Gold Market Overview in Uzbekistan
The gold market in Uzbekistan is always changing. LivePriceofGold gives you the latest gold rates. On December 4, 2024, at 12:31 UTC, gold was 33,940,899.13 Uzbekistan Soms (UZS) per ounce. This is a +0.02% or +8,173.60 UZS increase from the day before.
Live Gold Rates and Market Updates
The gold market in Uzbekistan changes a lot during the day. The price for 24-karat gold per gram is 1,091,199.93 UZS. The highest price was 1,095,117.22 UZS, and the lowest was 1,088,918.07 UZS. This makes the market exciting for traders and investors.
Price Variations Across Major Trading Centers
Gold prices in Uzbekistan vary by purity. Here are the prices for different karats:
- 24-Karat: 1,091,199.93 UZS
- 22-Karat: 1,000,851.44 UZS
- 21-Karat: 955,358.20 UZS
- 18-Karat: 818,399.95 UZS
- 14-Karat: 636,533.29 UZS
- 10-Karat: 454,666.64 UZS
Daily Market Fluctuations
The gold market in Uzbekistan changes a lot every day. Prices have been between 1,088,918.07 UZS and 1,095,117.22 UZS in recent weeks. This shows how unpredictable the market can be.
| Date | Gold Price per Gram (UZS) | Daily Change |
|---|---|---|
| December 4, 2024 | 1,091,199.93 | +0.02% (+262.80 UZS) |
| December 3, 2024 | 1,090,937.13 | -0.01% (-130.36 UZS) |
| December 2, 2024 | 1,091,067.49 | +0.03% (+281.81 UZS) |
| December 1, 2024 | 1,090,785.68 | -0.02% (-217.96 UZS) |
Understanding Gold Purity Standards and Pricing
In Uzbekistan, gold purity ranges from 24 karats (24K) to 6 karats (6K). The purest, 24K gold, costs 1,093,400.93 Uzbekistan Som (UZS) per gram. 22K gold is worth 1,001,555.25 UZS per gram, and 18K gold is 820,050.70 UZS per gram. Higher karat gold is more expensive.
Uzbekistan also uses the tola, a South Asian weight unit. One tola of 24K gold is 12,753,209.78 UZS. Knowing these standards and prices is key for those interested in gold valuation Uzbekistan or Uzbekistan precious metals.
| Gold Purity | Price per Gram (UZS) | Price per Tola (UZS) |
|---|---|---|
| 24K | 1,093,400.93 | 12,753,209.78 |
| 22K | 1,001,555.25 | 11,682,291.92 |
| 18K | 820,050.70 | 9,555,788.64 |
These standards and prices are vital for Uzbekistan’s gold valuation Uzbekistan and Uzbekistan precious metals market. They help buyers and sellers understand gold trading.
“Understanding gold purity and pricing is crucial for smart choices in the Uzbekistan precious metals market.”
Price of Gold in Uzbekistan: Regional Market Analysis
In Uzbekistan, gold prices change from one place to another. Tashkent, the capital, is a big place for gold trading. The Central Bank of Uzbekistan shares important market data. This data affects gold prices in the area.
Tashkent Gold Trading Centers
Tashkent has many gold trading centers. Here, people from all over buy and sell gold. They offer gold bars, coins, and jewelry for different needs.
Regional Price Differences
Gold prices are not the same everywhere in Uzbekistan. Things like how easy it is to get gold and local demand affect prices. When buying gold, it’s good to know these differences.
Market Accessibility
How easy it is to get to the gold market also matters. Big cities like Tashkent have more places to buy gold. This can make prices better. But, in smaller places, prices might be higher because of travel costs and less competition.
| Region | Gold Price (per gram) | Accessibility |
|---|---|---|
| Tashkent | $58.34 | High |
| Samarkand | $59.12 | Medium |
| Bukhara | $60.22 | Medium |
| Fergana | $61.45 | Low |
The table shows how gold prices and market access vary in different cities. When buying gold, think about these things to get a good deal.
Gold Investment Options in Uzbekistan
If you’re thinking about gold investment Uzbekistan, you have many choices. The Uzbekistan bullion prices offer great chances for investors. They help diversify your portfolio.
You can buy gold in different ways, like grams, ounces, kilograms, and tolas. The spot gold price is for those who want a direct investment.
Experts say put 5-10% of your portfolio in commodities like gold. This can balance your risk and protect against market ups and downs. But, always talk to a qualified investment expert before big decisions in the Uzbekistan gold market.
- Current Uzbekistan bullion prices are 33,983,610 UZS per ounce as of December 4, 2024.
- Prices have gone up by 24,951,236 UZS from last year in 2023.
- The highest gold price in Uzbekistan in 8 years was 35,655,191 UZS per ounce on October 30, 2024.
Exploring the gold investment Uzbekistan world can be tricky. But, with the right advice and research, you can make smart choices. This can help grow your investment portfolio.
“Putting some of your money in gold can act as a shield against market swings. It also spreads out your investments.”
Factors Influencing Uzbekistan’s Gold Prices
The price of gold in Uzbekistan changes due to many global and local factors. Knowing these factors is key for those interested in the price of gold in Uzbekistan.
Global Market Impact
The global gold market affects Uzbekistan’s prices. Changes in international gold prices, because of supply and demand, impact the local market. News from big gold trading places like London and New York also affects the Uzbekistan gold market.
Local Economic Factors
Uzbekistan’s economy also shapes gold prices. Things like GDP growth, inflation, consumer spending, and investment activity play a role. For example, when the economy grows, people might buy more gold, making prices go up.
Currency Exchange Rates
The exchange rate between the Uzbekistan Som (UZS) and other currencies, like the US Dollar (USD), is very important. As of August 2024, the USD/UZS rate was 12,860.67. The EUR/UZS rate was 13,502.02, and the GBP/UZS rate was 16,299.96. Changes in these rates can greatly affect the price of gold in Uzbekistan.
Understanding global, local, and currency factors helps investors and buyers. They can make smarter choices about gold in the Uzbekistan gold market.
Gold Trading Measurements and Conversions
Understanding gold trading in Uzbekistan is key for investors and traders. One kilogram of 24-karat gold costs 1,093,400,931.36 Uzbekistani Som (UZS). One ounce of 24-karat gold is 34,004,768.97 UZS.
The tola is a traditional unit in the region. It weighs about 11.66 grams. For 24-karat Uzbekistan precious metals, it’s 12,753,209.78 UZS. These units help with trading and investing, meeting different needs in the local market.
| Gold Quantity | Uzbekistani Som (UZS) |
|---|---|
| 1 ounce (XAU) | 34,004,768.97 |
| 5 ounces (5 XAU) | 170,023,844.85 |
| 10 ounces (10 XAU) | 340,047,689.70 |
| 50 ounces (50 XAU) | 1,700,238,485.00 |
| 100 ounces (100 XAU) | 3,400,476,970.00 |
Investors watching gold trading Uzbekistan can make smart choices. They look at supply and demand, stability, and currency rates. Knowing these details helps them in the Uzbekistan precious metals market.
Historical Gold Price Trends in Uzbekistan
Looking at gold price trends in Uzbekistan over time is very helpful. The prices have changed a lot in the last five years. Today, gold is 33,983,610 Uzbekistan som per ounce, up from 24,951,236 som last year.
The highest price in the last 8 years was 35,655,191 som per ounce on October 30, 2024.
Five-Year Price Analysis
Looking at gold price changes over five years in Uzbekistan helps us see patterns. Prices have gone from 792,976.5 som per gram to 1,149,793.3 som per gram. That’s a big difference of about 356,816.8 som.
Market Patterns and Cycles
By watching daily and monthly gold prices in Uzbekistan, we can see patterns. This helps us understand the gold market better. It also helps us guess future price changes.
Price Forecasting Indicators
Historical gold price data in Uzbekistan is great for predicting future trends. By studying market patterns and price changes, we can make smarter investment choices. It’s important to keep an eye on gold prices in Uzbekistan, both short and long-term.