Gold trading volume on the Uzbek Republican Commodity Exchange (UzRTSB) in January-September 2026 increased 2.4 times compared to the same period last year and amounted to 8.84 tons. The data was announced on October 30 at a press conference on the results of nine months of exchange operations.
Dynamics for gold and silver
Over nine months of 2025, the exchange sold 3.73 tons of gold. Growth in 2026 amounted to 136.8%.
Silver for the same period was sold at 0.63 tons versus 0.28 tons a year earlier, an increase of 125.2%.
| Indicator | January-September 2025 | January-September 2026 |
|---|---|---|
| Gold, tons | 3.73 | 8.84 |
| Silver, tons | 0.28 | 0.63 |
| Precious metals total, tons | 4.01 | 9.47 |
The total volume of precious metals trading increased by 136%.
Price
The weighted average exchange price of gold per gram for nine months of 2026 was 1.64 million som. This is 8.8% higher than the price at the end of September 2025, which was 1.50 million som.
What drives the growth
UzRTSB Chief Broker Islombek Ibragimov attributed the growth to the development of the jewelry industry and an increase in the number of large enterprises. According to him, gold has been sold through the exchange since 2019. At that time, small manufacturers with two to four employees produced jewelry; now the industry has reached an industrial level, and the number of factories is growing.
«Today, 90% of gold is purchased by jewelry industry enterprises. They buy gold in large volumes and produce a significant quantity of jewelry items,» Ibragimov explained.
Thus, approximately 90% of gold sold through the exchange is purchased by jewelry enterprises. It was previously reported that trading volume on UzRTSB increased by 29% over the year.