Tajik central bank’s gold bars reportedly rise nearly 17 percent in prices

Asia-Plus

The cost of gold bars being sold by the National Bank of Tajikistan (NBT) has reportedly risen on average 16.9 percent since the beginning of this year.

According to data from Tajik central bank,  the price for a five-gram gold bar has risen 16.4 percent over the report period from 2,103 somoni at the beginning of the year to 2,448.78 somoni on November 12.

On November 12, the National Bank of Tajikistan set the price for a ten-gram gold bar at 4,808.51 somoni (16.7 percent increase compared to the beginning of the year).

On November 12, the prices were set at 9,467.43 somoni a 20-gram gold bar (17 percent increase), 23,424.69 somoni for a 50-gram gold bar (17.2 percent increase), and 46,680.69 somoni for a 100-gram gold bar (17.3 percent increase).   

Accordingly, the price of gold bars being sold by the National bank of Tajikistan has risen on average 16.9 percent since the beginning of the year.  

The National Bank of Tajikistan has put on sale measuring gold bars weighing 5, 10, 20, 50 and 100 grams since June 12, 2017.

These gold bars, made by a LBMA (London Bullion Market Association) certified refinery, are sold by the NBT finance and treasury department both to legal and physical entities.  The measuring gold bars are sold in the national currency, the somoni.  

Prices for the gold bars put on sale are based on the price of troy ounce (31.1034768 grams) set in the a.m. fixing in London.

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