Uzbekistan: gold sales up in July 2023

In July, Uzbekistan sold 11 tons of gold, according to the World Gold Council. This brought the total gold sales for the country to 46 tons in the first seven months of this year. During this period, Uzbekistan also purchased 16 tons of gold. Additionally, Kazakhstan sold 4 tons of gold in July, and both…

Uzbekistan: 11 tons of gold sold in May 2023

According to the World Gold Council, in May, Uzbekistan ranked second globally in gold sales. Worldwide central bank gold and currency reserves dropped by 27 tons, with precious metal sales declining by over half compared to April. Uzbekistan sold 11 tons of gold internationally in May, surpassing Kazakhstan and Germany by 5.5 times. Turkey remained…

Kazakhstan: gold output up in 2022

In 2022, Kazakhstan increased gold-bearing ore extraction by 19.5% YoY, to 39.4 million tons. Concentrate output dropped by 11.9%, to 455 thousand tons. Raw and semi-wrought gold manufacture grew by 13%, to 129.6 tons. In particular, refined gold production totaled 73.2 tons, up by 9.9%. In previous years the highest output was 69.8 tons. Tau-Ken…