Gold bars produced by the National Bank of Tajikistan (NBT) have fallen on average 4.1 percent in prices in a year to December 31, 2021.
According to data from Tajik central bank, the price for the 5-gram gold bar over the reporting period has fallen from 3588.68 somonis on December 31, 2020 to 3,462.79 somonis on December 31, 2021.
The price for 10-gram gold bar fell from 7088.31 somonis on December 31, 2020 to 6836.51 somonis on December 31, 2021.
The price for 20-gram gold bar fell from 14027.04 somonis on December 31, 2020 to 13523.45 somonis on December 31, 2021.
The price for 50-gram gold bar fell from 34823.72 somonis on December 31, 2020 to 33.564.73 somonis on December 31, 2021.
The price for 100-gram gold bar fell from 69478.75 somonis on December 31, 2020 to 66.960.75 somonis on December 31, 2021.
Recall, the NBT 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.
The then-head of the NBT Jamshed Nourmahmadzoda 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 of 100 kilograms and we are gradually selling them,” Nourmahmadzoda noted on February 5.
According to him, citizens of the country can buy the NBT-produced bars using their passports. “No other documents are required,” Nourmahmadzoda said.
Each citizen of Tajikistan can buy gold bars totally weighing one kilogram per year.
