The price per ounce rose by more than 7,000 KGS

Gold prices in Kyrgyzstan showed a significant increase over the course of the day. This is evidenced by updated data from the National Bank.

As of April 1, the value (selling price) of 31.1035 grams of gold rose from 404,185.5 KGS to 411,215.5 KGS. Thus, the daily increase amounted to 7,030 KGS.

Growth was also recorded for other items:

• a 1-gram gold bar rose in price by 221.5 KGS;
• a 2-gram bar — by 443 KGS;
• a 5-gram bar — by 1,115 KGS;
• a 10-gram bar rose by 2,230.5 KGS;
• a 100-gram bar rose by 22,935 KGS.

The trend indicates a synchronized movement of prices across the entire range of bars, with the price per ounce remaining the key benchmark as the market’s base indicator.

We should add that today, a bar can be sold to the National Bank for 405,138.5 KGS, compared to 398,212.5 KGS the previous day.

Despite the current rise, gold’s performance remains mixed. By the end of March, the precious metal could record its sharpest monthly decline in over 17 years—about –16%. This is due to the fact that gold has come under pressure in the global market from several factors at once:

• the strengthening of the U.S. dollar, which makes the metal more expensive for investors;
• expectations of a hawkish monetary policy by the Fed;
• rising energy prices;
• geopolitical tensions in the Middle East.

At the same time, even the 1.7% rise on March 31, amid news of a possible de-escalation of the conflict with Iran, is currently viewed by analysts as a technical rebound rather than a trend reversal.

On the other hand, despite the monthly decline, gold maintains positive quarterly momentum (+2.5%), and long-term forecasts remain moderately positive.