Between July and September 2024, Kazakhstanis purchased nearly 14,000 gold bars, a 5.5% decrease quarter-on-quarter (QoQ), according to the National Bank. By the end of September, the price of gold exceeded $2,700 per troy ounce.
A total of 475.5 kilograms of gold bars were purchased in the third quarter, reflecting a 39% or 1.6-time decline QoQ.
During the reporting period, more than half of all gold (58% or about 8,000 bars) was bought by residents of Almaty. Residents of Shymkent and Astana each accounted for around 9% of total purchases or about 1,300 bars. In the previous quarter, Almaty residents...