Uzbekistan has placed fourth for central bank gold buying in June.
World Gold Council (WGC) data showed Central Asia’s second largest economy increased its stock of the precious metal for the first time since February by buying eight tonnes of gold.
WGC noted that a number of central banks around the world increased their gold reserves in June.
The largest central bank buyer, it said, was the People's Bank of China at 21 tonnes, expanding its total volume of gold to 2,113 tonnes.
The central bank of Poland placed second with approximately 13 tonnes, taking its reserve to 276 tonnes, while the Turkish central bank was third with the purchase of 11 tonnes.
The Uzbek central bank said the tonnage of the national gold reserve has expanded by 6.2 tonnes in the past month. At the same time, due to a slight decrease in quotations, its value sank by $137mn.
In previous months, the republic actively exported precious metals. In May, deliveries reached $1.3bn.
Related Articles
Report says explosion hit pipeline that delivers Turkmen gas to Russia, but Turkmenistan no longer sells gas to Moscow
Ukrainian outlet Kyiv Post on August 2 reported sources within Ukraine's Main Military Intelligence Directorate (GUR) as stating that an explosion in Russia disabled a section of ... more
New agreement provides for more than 1,000 weekly flights between Uzbekistan and Russia
Uzbekistan and Russia have struck an agreement under which the number of weekly direct flights between the two countries can be more than tripled to more than 1,000 per week, according to ... more
Construction work on $4.6bn Trans-Afghan Railway could reportedly be under way within six months
Construction work on the proposed Trans-Afghan Railway could be under way within six months, while the project could cost around $4.6bn to deliver and cut shipping transit times from Uzbekistan to ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
21 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago