Sharp Decline in Gold and Silver Prices in Afghanistan Markets

The head of Afghanistan’s Jewelers Union has stated that the prices of gold and silver have significantly dropped over the past week, a trend influenced by developments in global markets and regional conditions.

Mohammad Bashir Ehsan reported that the price of one ounce of gold has fallen from $5,200 to $4,100. Likewise, the price of silver has dropped by $92, reaching approximately $61.

According to the jewelers, these changes initially occurred in global markets and subsequently affected domestic trade in Afghanistan. The decline in precious metal prices comes amid the strong dependence of local markets on fluctuations in global rates.

The Jewelers Union emphasizes that the continuation of this trend depends on international economic conditions and regional developments, with local markets expected to experience volatility influenced by these same factors.