Gold Market Report
Uzbekistan Gold Market Report
Independently researched coverage of the Uzbekistan gold market, last verified Sep 1, 2026. 24K gold is currently UZS 1,645,956.94 per gram.
See the live gold price page for Uzbekistan →Research coverage
4 of 4 research sections published for Uzbekistan.
- About this market
- Market notes
- Buying guide
- Tax & duty notes
Gold Price by Purity
Live prices in UZS.
| Purity | Per g | Per oz t | Per tola | Per kg |
|---|---|---|---|---|
| 24 karat (999.9) | UZS 1,645,956.94 | UZS 51,194,983.56 | UZS 19,198,118.83 | UZS 1,645,956,941.99 |
| 22 karat (916.7) | UZS 1,508,999.63 | UZS 46,935,134.94 | UZS 17,600,675.60 | UZS 1,508,999,628.68 |
| 21 karat (875) | UZS 1,440,356.36 | UZS 44,800,090.62 | UZS 16,800,033.98 | UZS 1,440,356,359.87 |
| 18 karat (750) | UZS 1,234,591.17 | UZS 38,400,077.68 | UZS 14,400,029.13 | UZS 1,234,591,165.61 |
| 14 karat (583.3) | UZS 960,182.70 | UZS 29,865,020.41 | UZS 11,199,382.65 | UZS 960,182,702.53 |
| 10 karat (416.7) | UZS 685,938.85 | UZS 21,335,083.16 | UZS 8,000,656.18 | UZS 685,938,851.61 |
Trend
Last 3 months
Per gram · UZS
- Change
- +6.59%
- Low
- UZS 1,526,419.34
- High
- UZS 1,771,121.81
Historical data is presented from the site's retained market samples and daily rollups.
View full history →About the Uzbekistan gold market
Gold makes up an unusually high share of Uzbekistan's foreign reserves — around 85% as of early 2026, among the highest gold-to-reserves ratios of any country, with total holdings of roughly 380 tonnes ranking it among the world's top 20 official gold holders.
Read the full section on the live price page →Market notes
Uzbekistan is abolishing its VAT exemption on jewellery sales starting January 1, 2026, bringing all jewellery producers and sellers into the VAT system regardless of income level -- but with a transitional net-difference calculation method and an 80% automatic VAT reclaim available to businesses through 2028.
Read the full section on the live price page →Buying gold in Uzbekistan
Uzbekistan's jewellery tax treatment is mid-transition as of 2026 -- retailers can reclaim 80% of VAT paid through 2028 under the new rules, which may keep consumer-facing price increases smaller than the headline VAT change alone would suggest, at least during the transition period.
Read the full section on the live price page →Tax & duty notes
Uzbekistan abolished its VAT exemption on jewellery and semi-finished precious-metal products effective January 1, 2026, bringing all jewellery businesses into the standard 12% VAT system regardless of income level.
Read the full section on the live price page →Sources
What the Uzbekistan research is based on
Each claim below traces to a specific, checkable source rather than a general reference.
- Zamin.uz — Tax, social and digital reforms in Uzbekistan from 2026
Supports: Abolition of the jewellery VAT exemption effective January 1, 2026 and Uzbekistan's 12% standard VAT rate
Checked Sep 1, 2026
- Kun.uz — Jewelry sales liberalized for sole proprietors; VAT refunds extended through 2028
Supports: Net-difference VAT calculation method and 80% automatic monthly VAT reclaim through 2028
Checked Sep 1, 2026
Related markets
More gold markets in Asia
Uzbekistan's immediate sub-region doesn't list enough markets on its own, so this also includes other Asia countries.
Learn
Guides relevant to this gold market
- education
How Gold Prices Work
Gold prices are set globally in USD per troy ounce and translated into every local market using exchange rates and purity.
- weight
Gold Weight Units Explained
Gram, troy ounce, tola, baht, kilogram — a complete conversion guide.
- purity
Gold Hallmarks Explained
What 999, 916, 875, 750 and 585 stamps actually mean.
- purity
24K vs 22K Gold: What's the Difference?
24K is nearly pure gold. 22K is 91.6% gold mixed with other metals for durability. Learn which suits investment vs. jewelry.
- buying
How to Buy Gold Safely
A step-by-step buyer's guide covering dealers, hallmarks, receipts and storage.
- investment
Gold Investment Basics
Bars, coins, ETFs, jewelry — how to start investing in gold.
Explore further
Gold terminology for this report
Methodology
How we calculate the price
- We fetch the international spot gold price (XAU/USD) live from xaus.com + gold-api.com, with automatic failover between providers.
- The spot rate is converted into the local currency using live exchange rates from exchangerate-api.com, then scaled by purity (24K, 22K, 18K…) and by weight (gram, tola, ounce, kilogram, baht).
- The result is the pure spot value. Retail counters may add dealer premium, tax and making charges — the number here is the underlying benchmark.