Uzbekistan’s Gold Reserves Surge to Record$ 55 Billion
Uzbekistan’s gold and foreign exchange reserves have reached an all-time high of$ 55 billion as of October 1, 2025, according to the Central Bank. This marks a significant corner for the Central Asian nation.
The reserves saw an emotional increase of nearly$ 5 billion in September alone. Of this,$ 4 billion was attributed to gold, marking the sharpest yearly rise in recent times.
As of October 1, 2025, Uzbekistan’s gold reserves stood at$ 44.2 billion, over from$ 40 billion in August. The remainder of the reserves comprises foreign currency means and securities.
Uzbekistan’s gold and foreign exchange reserves reach record $55bn
Uzbekistan’s gold and foreign exchange reserves climbed to a record $55bn as of October 1, 2025, after rising by nearly $5bn in September alone — $4bn of which came from gold.
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Comparing time-on-time numbers, Uzbekistan’s total reserves on October 1, 2024, amounted to$ 41.1 billion, including$ 31.8 billion in gold. This represents a periodic increase of$ 13.9 billion, with$ 12.4 billion stemming from gold.
The swell in gold reserves is largely driven by a sharp rise in global gold prices. Since the morning of 2025, the price of an ounce of gold has jumped by nearly 50%, from$ 2,600 per ounce in January to over$ 4,000 per ounce by October 7.
Gold remains Uzbekistan’s most important import commodity. Between January and August 2025, the country exported goods and services worth$ 22.98 billion, with$ 8.42 billion( 36.7) coming from gold deals, the loftiest share ever recorded in the nation’s history.
Despite the value growth, Uzbekistan’s physical gold reserves have slightly dropped. As of October 1, the country held 11.6 million ounces( 409.1 tons) of gold, compared to 11.8 million ounces( 416.2 tons) in August and 12.3 million ounces( 433.8 tons) at the launch of September.
Uzbekistan’s record-breaking reserves emphasize the nation’s growing profitable strength. The significant increase in gold effects highlights the significance of precious metals in the country’s fiscal strategy.
As global gold prices continue to rise, Uzbekistan’s position as a crucial player in the global gold market becomes increasingly prominent.
