Gold bars of the National Bank of Tajikistan fell by 9% last year

Asia-Plus

Bar prices have been declining for two years after a sharp increase in 2020.

Gold bars of the National Bank of Tajikistan continued to fall in price in 2022 after a sharp rise in prices in the pandemic year 2020.

The process of reducing prices for them accelerated last year to 9% from 4.1% in 2021.

Recall that NBT gold bars in 2020 rose by 43% due to the growth of world prices for metal No. 1.

The cost of a 5-gram bar today is 3,117 somoni, which is 306 somoni lower than at the beginning of last year. A 100-gram bar has fallen in price by 6 thousand 112 somoni and now costs 61 thousand 255 somoni.

Also on sale are measured ingots weighing 10, 20 and 50 grams. The higher the weight of the measured bar, the cheaper the gold will cost the buyer. For example, each gram of a 5-gram bar costs 635.4 somoni ($62.2), and a 100-gram bar costs 612.5 somoni ($60).

By the way, in 2020, the highest price of gold over the past two centuries (from 1830 to the present) was recorded: on August 7, 2020, the price of one ounce on the London Stock Exchange (at Rothschild Bank) reached $2,067.15. Today every ounce costs $1,839.2.

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