The first sale of refined gold took place on the Kyrgyz Stock Exchange on April 30. The transaction amounted to about $45,000. State gold company Kyrgyzaltyn was the seller and the Kyrgyzstan accumulative pension fund was the buyer, according to the Kyrgyz Stock Exchange.
The transaction follows an agreement signed on April 3, 2026 by the Kyrgyz Stock Exchange, Kyrgyzaltyn, and Central Depository CJSC enabling the purchase and sale of precious metals, particularly gold.
Kyrgyzaltyn acts as the issuer (seller), providing two-way quotations and constant liquidity. The Central Depository is responsible for keeping records of ownership of precious metals.
According to the Kyrgyz Stock Exchange, investing in gold on the exchange opens new opportunities for financial and non-financial institutions to invest available funds and diversify their liquidity. Bank clients and brokerage firms can buy, sell, and store refined gold in non-cash form through mobile apps and online banking.
Almazbek Karakojayev, head of Precious Metals Trading at the Kyrgyz Stock Exchange, said: “This first transaction is a historic moment for us and an important step in the development of an organized precious metals market in Kyrgyzstan. We provide participants with a transparent, liquid, and regulated mechanism for working with gold, comparable in convenience to securities trading.”
