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Uzbekistan has retained the first place in the world in gold sales
According to open data, the net volume of gold purchases by central banks amounted to 16 tons. Demand remained high: the volume of purchases reached 40 tons, sales — 25 tons.
All the main buyers were from emerging markets. The Central Bank of Turkey has increased reserves by 14 tons, the Central Banks of India and China — 5 tons each. Kazakhstan and Singapore are next — 4 tons each.
In March, Uzbekistan sold 11 tons of gold, ahead of Thailand (10 tons) and Jordan (4 tons).
In February, the Central Bank of Uzbekistan also topped the global top, selling 12 tons of gold.
In 2023, Uzbekistan became the second largest seller of gold in the world. Net sales of gold amounted to more than 25 tons, losing twice to Kazakhstan, which took the first place.
According to the data According to the Statistics Agency, in March Uzbekistan exported gold worth $ 1.35 billion, since the beginning of the year — by $ 2.66 billion, which is 41.7% of the country's total exports.
In March, the country's gold and foreign exchange reserves rose to $ 34.2 billion amid a record increase in gold prices. At the same time, the physical volume of precious metals in reserves decreased by 10.9 tons and reached the lowest level since May 2022.
