Tag: gold bars

  • Kyrgyzaltyn Strengthens Ties with Tajik Mining Giants Through Strategic Co-Op Agreements

    Kyrgyzaltyn Strengthens Ties with Tajik Mining Giants Through Strategic Co-Op Agreements

    Kyrgyzaltyn, Kyrgyzstan’s state-owned mining company, has entered on 27 August 2025 into significant co-operation agreements with three of Tajikistan’s premier mining firms: Talco Gold, Tajik-China Mining Company, and Pakrut. The memorandums of understanding were officially signed during a high-level visit by Tajikistan’s First Deputy Prime Minister, Hokim Kholikzoda, and a large business delegation.

    The agreements, which were announced by Kyrgyzaltyn, are intended to bolster the development of the mining sector across both nations. The focus will be on the implementation of advanced technologies, improving production efficiency, and creating new job opportunities.

    In a further sign of burgeoning economic ties, a separate memorandum was also signed between the Tajik delegation and the wheel processing and restoration plant belonging to Kumtor Gold Company, a subsidiary of Kyrgyzaltyn.

    As part of their visit, the Tajik delegation toured several key Kyrgyz enterprises, including the wheel processing and restoration factory and Kyrgyzaltyn’s main facilities.

    Kyrgyzaltyn, which holds a crucial position as the sole domestic producer of refined gold and gold bars in Kyrgyzstan, stated that the newly signed agreements will lay the groundwork for strengthened good-neighbourly relations and foster long-term, mutually beneficial collaboration between the two countries.

  • In the span of two years, Uzbekistanis have acquired more than 250 kilograms of gold bars

    In the span of two years, Uzbekistanis have acquired more than 250 kilograms of gold bars

    As per the Central Bank’s report, between 2021 and 2023, a total of 3,550 commemorative gold coins, weighing 72 kilograms in total, were issued for sale. These coins come in weights of 15, 20, and 31.1 grams, and they commemorate various themes. Additionally, 3,900 silver coins, with a total weight of 121 kilograms and a weight of 31.1 grams each, were also made available for purchase.

    The population has shown keen interest in acquiring these commemorative coins for numismatics, collecting, investment, and savings purposes. In fact, 83% of the gold coins, totaling 2,951 pieces, and 99% of the silver coins, totaling 3,864 pieces, were purchased by the public.

    Furthermore, during this period, a significant number of standard gold bars, amounting to 13,130 bars with a total weight of 255 kilograms, were sold to the population through trading points. These bars were primarily sought after by individuals looking to invest in and preserve their wealth.

    As of September 1, the population held the following quantities of each type of bar:

    • 5 grams: 3,793 bars, totaling 19 kilograms
    • 10 grams: 3,854 bars, totaling 39 kilograms
    • 20 grams: 2,545 bars, totaling 51 kilograms
    • 50 grams: 2,938 bars, totaling 147 kilograms

    In terms of the volume of sales for standard gold bars, trading points located in Tashkent have emerged as the leaders among regions. The capital city alone accounted for 9,894 bars, representing 75% of the total bars circulated.

    At present, standard gold bars are available for purchase and resale through 151 trading points across the country. It is worth noting that the Central Bank commenced the sale of commemorative gold and silver coins in 2018, marking the beginning of this successful endeavor.