Gold Prices Fall as Kabul Market Sees Stable Week

DID Press: Gold prices declined in Kabul this week, marking the most notable change in an otherwise stable economic landscape, while the prices of essential goods and fuel remained largely unchanged.

According to market data from Kabul, the price of 750-grade Arabic gold fell from 7,090 afghanis per gram to 6,960 afghanis, reflecting a noticeable decline in the local precious metals market.

Meanwhile, 585-grade Russian gold dropped from 5,660 afghanis per gram to 5,550 afghanis, continuing the downward trend in gold prices.

Market analysts say the decline may be linked to fluctuations in global gold markets, shifts in supply and demand, and broader regional economic conditions. However, no official explanation has yet been provided for the recent price movement.

Apart from gold, other sectors of Kabul’s economy remained stable throughout the week.

Prices of key consumer goods, including flour, sugar, rice, cooking oil, and tea, showed no significant changes compared with the previous week.

Fuel prices also remained steady, with no reported fluctuations in the cost of petrol, diesel, or liquefied gas.