Gold bars produced by the National Bank of Tajikistan (NBT) have fallen on average 8.5 percent in prices due to the fall of international gold prices.
According to data from Tajik central bank, the price for the 5-gram gold bar has fallen 3,589 somonis on December 3, 2020 to 3,286 somonis on March 11.
The prices for 10-, 20, 50- and 100-gram gold bars have reportedly fallen from 7,088 somonis, 14,027 somonis, 34,82 somonis, and 69,478 somonis on December 31 to 6,482 somonis, 12,815 somonis, 31,794 somonis and 63,420 somonis on March 11, respectively.
Meanwhile, during last year, the NBT-produced gold bars rose on average 43 percent in prices.
Recall, the National Bank of Tajikistan refined gold bars were released into free circulation in June 2017
A gold bar, also called gold bullion or a gold ingot, is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping. Larger gold bars that are produced by pouring the molten metal into molds are called ingots. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets.
Gold is measured in troy ounces, often simply referred to as ounces when the reference to gold is evident. One troy ounce is equivalent to 31.1034768 grams.
The London Gold Fixing (or Gold Fix) is the setting of the price of gold that takes place via a dedicated conference line.
Besides, real costs of making gold bars are calculated.
NBT head told reporters in Dushanbe on February 5, 2020 that gold bars with a total weight of 100 kilograms are waiting for their customers in storage of Tajik central bank.
“By president’s order we have produced gold bars with a total weight 100 kilograms and we are gradually selling them,” Tajik central bank head noted.
According to him, citizens of the country can buy the NBT-produced bars using their passports. “No other documents are required,” Tajik central bank head said.
Each citizen of Tajikistan can buy gold bars totally weighing one kilogram per year.
