Published
05/02/2026, 14:48The first transaction for the sale of refined gold, worth 3.9 million soms, took place on the Kyrgyz Stock Exchange (KSE). This marked the start of organised trading in precious metals in Kyrgyzstan.
On 30 April, the first transaction for the sale of refined gold, worth 3,939,108 soms, took place on the KFB platform.
The buyer was OJSC ‘NPF Kyrgyzstan’. The transaction was carried out under a tripartite agreement between the KFB, Kyrgyzaltyn and the Central Securities Depository, concluded on 3 April.
The launch mechanism is aimed at developing an organised precious metals market in the country, where Kyrgyzaltyn provides liquidity as a market maker, whilst the Central Depository maintains records of ownership rights and supports transactions.
The transaction marked the first tangible outcome of the launch of the gold market on the exchange. Participants can now buy, sell and hold gold in book-entry form via banking and brokerage platforms.
The agreement to launch gold trading was signed on 3 April 2026. Under the agreement, Kyrgyzaltyn acts as the issuer and market maker, providing liquidity and two-way quotes, whilst the Central Securities Depository maintains records of ownership.
The new system allows investors to use gold as an instrument for asset allocation and diversification without physically removing the metal from storage.
