Last month, Uzbekistan practically suspended gold exports — only 300 thousand tons. This is the third month that the Central Bank has not sold the precious metal: January, June and November.
In January-October, shipments of the precious metal exceeded 9.9 billion, an increase of 49.4% year—on-year. As a result, exports in 10 months significantly exceed the historical maximum set in 2023 (8.15 billion).
In September, Uzbekistan was the only seller of gold in the world. The central bank sold 4 tons of gold in a month, and in an annual period sales amounted to 21 tons, the most in the world.
Gold and foreign exchange reserves set another historical record in October. Their volume reached 59.33 billion, which is 4.33 billion more than a month earlier. The value of gold in the Central Bank's vaults increased by 3.61 billion and for the first time amounted to 47.85 billion. This was due to an increase in the price of gold and an increase in the physical volume of reserves — from 11.6 million to 11.9 million troy ounces (370.13 tons).
The state-owned NMMC company ended the first half of the year with record revenue and profit. The state-owned company's revenue amounted to a record 4.7 billion, an increase of 40.9% compared to the same period last year. Net profit increased by 71.8% year—on-year to 1.51 billion.
