TASHKENT, April 9 (Xinhua) -- For the first time a deal on gold was concluded at Uzbekistan's Commodity Exchange (UZEX) at a price of 41.2 U.S. dollars per gram following the government decision to allow trades on precious metals early this year, UZEX said on Tuesday.
Following last week's auction, 600 grams of Au-1 gold worth 209.06 million soums (around 24,736 dollars) were sold, according to an UZEX statement. The exchange quotation was fixed almost at the level of the starting price and amounted to 348.4 thousand soums (41.2 dollars) per 1 gram of gold.
Almalyk Mining and Metallurgical Plant acted as a seller, the statement said.
The regulation for the sale of precious metals at UZEX was approved by the Cabinet of Ministers in early March, but precious metals purchased at the trades cannot be exported.
UZEX also started its first trades of silver last month.