History of the Department
More than thirty years of progress: safeguarding the country’s economic security and building the state gold reserve and precious metals fund.
The Foundation of a Public Service
In the first years of independence, preserving and effectively managing the nation’s wealth took on particular importance. By Presidential Decree No. 398 of 19 December 1991, the Precious Metals Administration, the State Depository of Valuables (Gokhran) and the Assay Supervision Inspectorate were established — laying the foundation for state regulation of the industry.
In 2009, by Government Resolution No. 733, the Department of Precious Metals was created on the basis of the Administration. Today it is the principal state body for managing the state fund, replenishing the gold reserve and conducting operations with precious metals.
Stages of Development
1995
Laying the Foundation
The Administration, Gokhran and the Assay Supervision Inspectorate were established; the legal basis for building the state gold reserve was developed.
Establishment of the state system2005
Building the Fund
Cooperation with gold-mining enterprises expanded; the replenishment and accounting of the state fund became systematic.
Formation of the state fund2013
Institutional Reform
By Resolution No. 733 the Department was established; in 2012 its Statute was updated and the legal status of the state body was strengthened.
Institutional reforms2023
Sustainable Development
Natural nephrite with a total weight of 16,600 kg was successfully sold at open auction, replenishing the republican budget.
Period of sustainable development—
A New Stage
Digital transformation, record financial results and a comprehensive development strategy for 2026–2029.
A new stage of developmentResults of the Recent Period
Leaders of Different Periods
The Team and Workspaces
Development Strategy 2026 — 2029
Improving the regulatory and legal framework
GIIS DMDK information system
Centralized laboratory
“Digital Gold” mobile application
Modern State Fund storage facility
Digitalization of state supervision
The result will be a modern digital model for managing the industry, ensuring transparency and traceability of turnover and improving the effectiveness of state control.