Uzbekistan has maintained its position as the world leader in gold sales for the third month in a row, according to the World Gold Council (WGC).
In April, global central banks increased their gold reserves by 12 tons. The largest purchase was made by Poland, acquiring 12 tons and thereby increasing its annual stockpile by 61 tons. Other significant buyers included the Czech Republic (3 tons), China, Turkiye and Kyrgyzstan (2 tons each), as well as Kazakhstan and Jordan (1 ton each).
At the same time, the Central Bank of Uzbekistan conducted a net sale of 11 tons of gold, bringing the country’s total net sales since the beginning of the year to 26 tons – the highest figure among all countries worldwide.
In February, Uzbekistan became the largest gold seller, selling 12 tons of the precious metal and surpassing Kazakhstan’s 8 tons. In March, the country retained its leadership by selling 11 tons of gold.
In April, Uzbekistan continued its active gold exports amounting to $1.91 billion. Over the first four months of the year, the volume of precious metal shipments increased by 60% YoY, reaching $5.48 billion.
Moreover, the Central Bank’s foreign exchange reserves have shown record growth for three consecutive months, surpassing the $49 billion mark. In April, the country’s international reserves increased by $1.4 billion, while currency reserves exceeded $11 billion. Meanwhile, the total gold holdings slightly declined from 11.8 to 11.5 million troy ounces. (UzDaily)