The National Bank of the Kyrgyz Republic notes that the current interest in gold has both investment and speculative characteristics.
According to representatives of the NB KR, "a significant increase in prices for gold bars creates expectations among the population for short-term operations. However, gold is viewed as an asset for long-term investments, which many use to diversify risks and protect the purchasing power of their funds."
The National Bank also reports that the recent decline in prices for gold bullion is solely related to the drop in quotes on the international market, which occurred after a sharp rise in January 2026, when prices increased by more than 20% in a month. Thus, the main factor influencing the pricing of gold bullion remains the world price of gold.
