Uzbekistan · UZS · January 2022
Gold Price in Uzbekistan — January 2022
In January 2022, the gold price in Uzbekistan closed at approximately soʻm20,210,421 per troy ounce, equivalent to soʻm7,579,030 per tola or soʻm649,780 per gram. This represents a -1.14% change on the month (soʻm20,443,674 open → soʻm20,210,421 close).
Open
soʻm20,443,674
per troy ounce
Close
soʻm20,210,421
per troy ounce
High
soʻm20,795,806
per troy ounce
Low
soʻm20,130,493
per troy ounce
All unit prices at January 2022 close — Uzbekistan
| Unit | Weight | Closing UZS price |
|---|---|---|
| Troy ounce | 31.1035 g | soʻm20,210,421 |
| Gram | 1.0000 g | soʻm649,780 |
| 10 grams | 10 g | soʻm6,497,796 |
| Kilogram | 1,000 g | soʻm649,779,639 |
| Tola | 11.664 g | soʻm7,579,030 |
Karat-purity breakdown at January 2022 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KUZBEKISTAN STD | soʻm649,130 | soʻm7,571,451 |
| 22K | soʻm595,198 | soʻm6,942,391 |
| 21K | soʻm568,557 | soʻm6,631,651 |
| 18K | soʻm487,335 | soʻm5,684,272 |
| 14K | soʻm380,121 | soʻm4,433,732 |
| 10K | soʻm270,958 | soʻm3,160,455 |
Daily gold price in UZS — January 2022
January 2022 gold market: Hawkish Fed pivot caps the year's open
Range-boundHot inflation supported gold; a hawkish Fed capped it.
Gold started 2022 around $1,800 but struggled as the Federal Reserve signalled an aggressive tightening campaign to fight four-decade-high inflation. Rising rate expectations and a firm dollar kept a lid on prices even as real-world inflation ran hot.
What drove gold in January 2022
- Fed signalling aggressive rate hikes
- 40-year-high US inflation
- rising real-yield expectations
- firm US dollar
Key events in January 2022
- Jan 26Fed flags imminent rate liftoff; gold slips
What happened next
The standoff broke in February when Russia's invasion of Ukraine sent gold surging.
For gold buyers in Uzbekistan
January set 2022's central tension: surging inflation supported gold, but the Fed's response to it worked against the price.
The 2022 gold market: Russia sanctions and a paradigm shift
Russia invaded Ukraine on February 24, 2022. G7/EU froze $300 billion of Russian central-bank reserves — the most consequential monetary event since 1971. Central-bank gold buying hit a record 1,082 tonnes (highest ever). Year close: $1,824 despite Fed's aggressive tightening.
Key drivers in 2022
Russia sanctions, central-bank reserve freezing, Fed hikes to 4.5%, gold's structural role redefined
2022 XAU/USD high
$2,070 (Mar)
2022 XAU/USD low
$1,621 (Sep)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Uzbekistan gold market
Uzbekistan retail gold prices are quoted in the local currency per gram for 24K and 22K purities, and per troy ounce for investment-grade bullion. Local rates usually sit above the international XAU/USD spot price after import duties, sales taxes, and jewellery making charges are applied. Use this archive as the international reference price; final retail rates depend on your dealer and the date's exchange rate.
Standard quote unit
gram
Common purity
24K
Currency
UZS (soʻm)
Daily gold price — January 2022, Uzbekistan
soʻm20,443,674
$1,816.02/oz
soʻm20,621,710
$1,831.84/oz
soʻm20,329,750
$1,805.90/oz
soʻm20,391,665
$1,811.40/oz
soʻm20,559,401
$1,826.30/oz
soʻm20,144,002
$1,789.40/oz
soʻm20,180,026
$1,792.60/oz
soʻm20,290,011
$1,802.37/oz
soʻm20,198,038
$1,794.20/oz
soʻm20,339,881
$1,806.80/oz
soʻm20,504,239
$1,821.40/oz
soʻm20,492,982
$1,820.40/oz
soʻm20,522,251
$1,823.00/oz
soʻm20,524,615
$1,823.21/oz
soʻm20,464,838
$1,817.90/oz
soʻm20,458,084
$1,817.30/oz
soʻm20,567,281
$1,827.00/oz
soʻm20,774,417
$1,845.40/oz
soʻm20,686,609
$1,837.60/oz
soʻm20,762,889
$1,844.38/oz
soʻm20,619,065
$1,831.60/oz
soʻm20,795,806
$1,847.30/oz
soʻm20,668,597
$1,836.00/oz
soʻm20,339,881
$1,806.80/oz
soʻm20,130,493
$1,788.20/oz
soʻm20,261,980
$1,799.88/oz
soʻm20,210,421
$1,795.30/oz
How Uzbekistan gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The UZS/USD exchange rate comes from exchangerate-api.com's 2022 year-end snapshot.
Conversion. Every UZS figure on this page is computed as XAU/USD price × UZS/USD rate. We use the year-end exchange rate consistently across all January 2022 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Uzbekistan, add the country-specific levies described in the “Uzbekistangold market” section above.
FAQ — Uzbekistan gold price in January 2022
What was the gold price in Uzbekistan in January 2022?
In January 2022, gold in Uzbekistan opened at soʻm20,443,674/oz and closed at soʻm20,210,421/oz — a move of -1.14% on the month. Per tola: ≈soʻm7,579,030; per gram: ≈soʻm649,780; per 10g: ≈soʻm6,497,796.
What was the 24K gold rate per tola in Uzbekistan in January 2022?
The 24K gold rate per tola in Uzbekistan at the January 2022 close was approximately soʻm7,579,030, derived from international XAU/USD spot of $1,795.30/oz times the 2022-end UZS/USD exchange rate of 11,257.406. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Uzbekistan in January 2022?
Uzbekistan's most-quoted retail standard is 24K per gram. At the January 2022 close, that worked out to approximately soʻm649,130 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
UZS prices on this page are computed from the verified international XAU/USD spot price for January 2022 (sourced from gold-api.com), multiplied by the 2022-end UZS/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The soʻm figures here represent the international gold spot price converted to UZS at the 2022-end exchange rate. Uzbekistan's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Uzbekistan? See live gold prices in Uzbekistan with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2022 archive or the USD-only January 2022 page with the country-by-country list at the bottom.
Other markets? Compare January 2022 prices across other major gold-trading countries: Russia, Azerbaijan, Iran, Turkey, China, Pakistan.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to UZS at the 2022-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Uzbekistan before transacting.