New Procedures Established for Precious Metals Transactions in Commercial Banks

• The decision approving the “Regulations on the Procedure for Conducting Transactions with Precious Metals,” which defines the new rules for buying and selling gold bars, was officially registered on November 3, 2025, under No. 3698.

• This document establishes the framework for transactions with gold bars and other precious metals, creating new investment opportunities for both individuals and businesses.

• Going forward, individuals and legal entities can buy and sell measured gold bars through commercial banks’ mobile applications. Additionally, commercial banks can purchase gold bars from the Central Bank under a trading agreement and sell them independently at their own pricing.

• One of the key innovations is that individuals and businesses can now buy and sell digital (non-physical, gram-denominated) gold and silver in real time via mobile apps.

• This system allows clients to purchase and sell measured gold bars online quickly and conveniently without visiting a bank branch. Prices are transparently set based on the daily fixing of the London Precious Metals Market Association.

• The system also enables investments with small amounts, and all transactions are confirmed through identification and authentication within the banking system.

• Furthermore, prices are regularly updated on banks’ official websites, mobile apps, and social media pages.

• Through this regulation, modern and digital mechanisms for investing in precious metals are being introduced for citizens of Uzbekistan.

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