Witnesses report that people arrived early and took their places in line, with some even coming in groups. The cause of the panic was the sharp drop in global gold and silver prices, which experts describe as the largest collapse in the last decade.
According to international financial platforms, the capitalization of the global market for precious metals has decreased by more than $7 trillion in just a few trading sessions. This occurred against the backdrop of a massive sell-off of futures, profit-taking by large investment funds, and the strengthening of the dollar, triggered by the stern statements of financial regulators.
The drop in gold prices has instantly reflected on the situation in Kyrgyzstan.
As of February 2, 2026, the official quotes for gold bars were: 1 gram – 15,216 som and 50 tyiyn for buying and 15,429 som and 50 tyiyn for selling, while a two-gram bar was valued at 29,197 som and 50 tyiyn for buyback and 29,577 som for sale.
In light of these prices, many bar owners decided to "exit gold" in advance, fearing further declines. Sellers note that the influx of customers sharply increased in just one day. Some buyers state that they prefer to sell their bars now to avoid even greater losses in the future.
Financial analysts link the current situation to several global factors: a correction after record price increases, nervous market reactions to messages from the U.S. Federal Reserve, and massive speculative transactions, creating a domino effect.
Experts agree on one point: volatility in the market will persist for at least several weeks, so citizens of Kyrgyzstan should closely monitor changes in the market.
