The price of gold will soon hit the 1 million KGS mark

On June 16, the price of one troy ounce of gold bullion (31.1035 g) in Kyrgyzstan rose again.

According to the National Bank, the selling price of an ounce was 307,520 KGS, which is 3,901 KGS more than before.

The buyback price also rose to 302,975 KGS.

The daily increase was 1.28%, the most significant among all bullion sizes. Incidentally, the price of a 100-gram bar rose to 998,704 KGS, or almost 1 million KGS.

An ounce is traditionally considered the main indicator of the gold market's dynamics. The price increase is explained by a general rise in global prices amid expectations of a Fed rate cut and growing demand for safe-haven assets.

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The price of gold will soon hit the 1 million KGS mark

Read Similar

From 1 October, pensions in Kyrgyzstan cannot be less than 7,100 KGS

In the Chui region, 5,100 insulators have been replaced on high-voltage lines

In the Kadamzhai district, 200 people illegally obtained land plots

Excise stamps on goods were checked at the market in Osh