According to eyewitness accounts, citizens arrived early, took their places in line, and some even organized groups. The main reason for the panic was the sharp drop in global gold and silver prices, which analysts characterize as the largest collapse in the last ten years.
Global financial platforms report that the capitalization of the global precious metals market has fallen by more than $7 trillion over several trading sessions. This is linked to mass sell-offs of futures, profit-taking by large investment funds, and the strengthening of the dollar, which occurred against the backdrop of tough statements from financial regulators.
The price drop was instantly reflected in Kyrgyzstan.
As of February 2, 2026, the official prices for gold bars in the country are as follows: 1 gram is bought for 15,216 som and 50 tyiyn and sold for 15,429 som and 50 tyiyn; a two-gram bar is 29,197 som and 50 tyiyn when bought and 29,577 som when sold.
In light of these figures, many bar owners decided to "exit gold" in advance, fearing further price declines. Store employees note that the flow of customers has increased several times in just one day. Some buyers openly state that they prefer to sell their bars now rather than face even greater losses in a week.
Financial analysts explain the current situation as a combination of global factors: a global correction following record price increases, market nervousness in response to statements from the U.S. Federal Reserve, and mass speculative transactions, which created a classic "domino effect."
Experts agree that volatility will persist for at least a few more weeks, so citizens of Kyrgyzstan should closely monitor changes in the market.
