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    The price of an ounce of gold in Kyrgyzstan has fallen for the fifth consecutive session

    Published

    05/19/2025, 09:00

    The price of an ounce of gold in Kyrgyzstan has fallen for the fifth consecutive session

    According to the National Bank of the Kyrgyz Republic, from 12 to 16 May 2025, the selling price of a troy ounce of gold (31.1035 g) in the country fell from 297,836.5 to 285,835.5 soms. The buyback price for the same period fell from 293,435 to 281,611 soms. Thus, over five days, the price of an ounce decreased by more than 12,000 soms, reflecting a correction in the international gold market.

    The biggest drop occurred at the beginning of the week — on 13 May, the price fell by almost 8,000 soms compared to Friday's high. In the following days, the rate of decline slowed, but the downward trend continued. The decline in prices may be due to the strengthening of the dollar and market expectations regarding the US Federal Reserve's interest rate policy.

    Against this backdrop, investor interest in gold as a safe-haven asset declined, which also affected the domestic market in Kyrgyzstan. Despite the decline, the price remains above April levels, maintaining the attractiveness of bullion bars for savings amid inflationary pressures.

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