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Domestic gold prices and market exchange rates, which dropped everyday recently, fell below Ks- 2.94 million per tical and Ks- 3,300 per dollar on 13 September.
Action taken against speculators in the gold and currency markets, injecting US$ 200 million into the currency market to decrease fuel prices and selling gold coins by the government help stabilize domestic gold prices and market exchange rates.
As the SAC government sold gold coins to the public at Ks- 2.95 million per tical on 5 September, per-tical gold prices in the market fluctuated between Ks- 3.05 million and Ks- 3.1 million per tical. On 6 September, the government sold gold coins to the public at Ks- 2.85 million per tical, and the market gold price fell to Ks- 3.1 million per tical when the market closed.
The market prices of gold was fluctuating around Ks- 3 million per tical until the prices started to fall to Ks-2.94 million per tical in the evening of 13 September.
Likewise, in the foreign exchange market, per dollar price dropped Ks-3,500 on 12 September and continued to fall to Ks-3,300 on 13 September. The global gold price was US$-1,724 per ounce in the open market ad rose to US$-1,726 when the market closed.
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