The National Bank of Kyrgyzstan views this interest as a result of both investment and speculative intentions of the population.
“The rise in prices for gold bullion instills hope in people for short-term gains. However, gold has always been considered a long-term asset used for risk diversification and preserving purchasing power,” emphasizes the NB KR.
Furthermore, the National Bank notes that the recent decline in gold bullion prices is linked to the drop in quotations on the global market, which occurred after a sharp increase in January 2026, when prices rose by more than 20% in a month. Thus, the current pricing of gold bullion is largely dependent on global gold prices.
