Last week the price of a troy ounce of measured gold in Kyrgyzstan rose slightly, but by Friday there was a pullback.

On 4 April, the National Bank of Kyrgyzstan bought an ounce at 273 thousand 78.5 soms, and sold at 277 thousand 174.5 soms. This is below the peak values of Wednesday, when the purchase price reached 274 thousand 279.5 soms, and the sale - to 278 thousand 393.5 soms.

Thus, in the middle of the week an ounce of gold cost more expensive by almost 6 thousand soms compared to the beginning of the period. For those who had already invested in bullion earlier, this week opened a window for profit taking - the difference between the purchase price of the NBKR on 31 March (268 thousand 89 soms) and the maximum on 2 April was more than 6.1 thousand soms per one ounce.

For new investors gold became a little more accessible at the end of the week. If on 2 April an ounce was sold at 278 thousand 393.5 soms, by 4 April the price dropped to 277 thousand 174.5 soms. Nevertheless, the overall increase compared to Monday is still palpable - by almost 5 thousand soms.

This preserves the attractiveness of gold as a protective asset against the background of general stability of the exchange rate.