In June 2024, Uzbekistan purchased nine tons of gold. As a result, the country became one of the world's largest buyers of this precious metal, Podrobno.uz reports.
The Central Bank of Uzbekistan and the Reserve Bank of India shared first place in terms of gold reserve growth. They purchased 9 tons each, according to the World Gold Council report.
The National Bank of Poland bought 4 tons of gold, while the Central Bank of Qatar purchased 3 tons. The Central Bank of Jordan and the National Bank of the Czech Republic bought 2 tons of the precious metal each, and the Turkish regulator purchased another ton.
Meanwhile, Singapore became the main seller of gold in June, with its reserves decreasing by 12 tons. In addition, the National Bank of Kazakhstan reported a decrease in its reserves by 6 tons.
In June, the world's central banks increased their public gold reserves by 12 tons. The volume of purchases of the precious metal amounted to 31 tons, while 18 tons were sold.
Before this, Uzbekistan purchased gold almost at the peak of prices for this precious metal. After April 2024, the metal rose sharply in price: having fallen slightly in June, it picked up speed in July.
It is known that in the spring of 2024, Uzbekistan significantly reduced gold exports.
CentralasianLIGHT.org
August 5, 2024