BAKU, Azerbaijan, May 23. Kazakhstan's second-tier banks and individual non-bank exchange offices sold 3,119 gold bars in April 2023, with a total weight of 100.5 kilos, Trend reports.
The number of gold bars sold in Kazakhstan in the reporting period decreased by 72.1 percent month-on-month (4,568 bars in March 2023). The volume of the gold sold has also increased by 42.57 percent, compared to 175 kilos in April.
Furthermore, Kazakhstan also saw a year-on-year decrease of 15.66 percent in the number of gold bars sold in the reporting period of 2023 (3,698 bars in April 2022).
According to the National Bank of Kazakhstan, the program to sell and buy out refined gold bars for the population was launched by Kazakhstan in 2017. A total of 125,546 gold bars with a total weight of 4.3 tons have been sold since the program was launched.
Since the beginning of the program, second-tier banks and individual non-bank exchange offices have accepted 20,972 dimensional bars with a total weight of 539.9 kilos for repurchase, which is 17 percent of the total volume of sales of dimensional bars. Almost all the measured bars accepted for repurchase are sold to the population without being returned to the branches of the National Bank.
Currently, gold bars for purchase are available at Halyk Bank, Eurasian Bank, Jusan Bank, and CenterCredit Bank, as well as at individual non-bank exchange offices.