Over the past 24 hours, the National Bank of the Kyrgyz Republic’s selling price for an ounce of gold has risen by 7,300 KGS

The National Bank has updated the prices for standard gold bars. On 16 September, the selling price for a troy ounce of gold rose by 7,351 KGS, whilst the buy-back price rose by 2,540 KGS.

A bar weighing 31.1035 grams, equivalent to one troy ounce, is currently selling for 388,276.5 KGS. The previous day, its price stood at 380,925.5 KGS.

The buy-back price also rose – from 375,296 KGS to 377,836 KGS, an increase of 2,540 KGS.

Over the course of a single day, the selling price per ounce increased more significantly than the price at which the National Bank is prepared to buy back the bullion.