Uzbekistan Increases Its Gold Reserves
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, January 7. In November
2024, the Central bank of Uzbekistan purchased 9 tons of gold,
expanding its Gold reserves for the first time since July 2024, the
World gold Council told Trend .
This brought the country's total gold reserves to 382 tons by
the end of the month.
This move aligns with a global trend of central banks actively
increasing their gold reserves. In November, net gold purchases by
central banks worldwide amounted to 53 tons, continuing the trend
observed throughout 2024.
Notable buyers in November included the National Bank of Poland,
which added 21 tons, as well as the Reserve Banks of India,
Kazakhstan, and China, each purchasing 5 tons. Conversely,
Singapore emerged as the largest seller, offloading 5 tons of
gold.
Meanwhile, Uzbekistan's gold reserves totaled $32.7 billion as
of December 2024. Gold reserves decreased by 1.8 percent compared
to the previous month ($33.3 billion in October 2024).
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