Tashkent, Uzbekistan (UzDaily.com) -- The Central Bank of Uzbekistan will start selling gold measured bars from 2 November.

According to the regulator, sales of gold measured bars are launched in order to expand investment and savings opportunities of the population, as well as to develop the circulation of precious metals.

The Central bank notes that gold bullion will be sold through commercial banks.

Bars made of 999.9 pure gold weighing 5, 10, 20 and 50 grams in special protective packaging are provided for sale. The packaging of gold bars serves as a certificate and has its own serial number.

The sale and repurchase prices of gold bars are based on the world gold price and the margin or discount set by the Central Bank, and are published daily in local currency on the Central Bank website.

Completely packed gold bars are redeemed by a commercial bank at a point of sale through immediate payment to the owner of the bar.

Redemption of gold bars with damaged or inappropriate packaging is carried out by their technical expertise, and payment is made after verification.

It is allowed to export gold bars with intact packaging outside the Republic of Uzbekistan.

The cost of 5 gram bars will be 3,436,000 soums, 10 gram - 6,623,000 soums, 20 gram - 13,121,000 soums, 50 gram - 32,177,000 soums.

Gold coins of the Central Bank (31.1 grams) can be purchased for 20,014,000 soums.