Kazakhstanis Are Massively Buying Gold: What Does It Mean

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Photo by: Maxim Zolotukhin/DKNews.kz

Interest in gold continues to grow in Kazakhstan. According to the National Bank of Kazakhstan, in 2025 second-tier banks and selected non-bank exchange offices purchased 27,807 gold bars with a total weight of 889.5 kilograms, DKNews.kz reports.

Taking into account buybacks, a total of 40,799 gold bars weighing 1.1 tons were sold to the public over the year.

These figures show that more Kazakhstanis are turning to gold as a reliable investment instrument.

Almaty Leads the Market

The highest sales volumes in 2025 were recorded in Almaty, where 20,526 bars were sold, accounting for 74% of the total volume.

Other leading regions include:

  • Astana – 1,650 bars (6%)
  • Shymkent – 1,099 bars (4%)

This indicates that large cities remain the main centers of retail investment activity.

9 Tons Sold Since the Program Launch

Since the launch of the gold bar sales program, Kazakhstanis have purchased a total of 263,479 gold bars with a combined weight of 9 tons.

This confirms that gold has become a popular and accessible savings instrument for the population.

The Most Popular Choice: 10-Gram Bars

The most in-demand gold bar among consumers is the 10-gram bar. It accounts for 26% of total sales, or 67,833 units.

It is followed by:

  • 5-gram bars – 57,847 units (22%)
  • 100-gram bars – 53,289 units (20%)
  • 20-gram bars – 49,154 units (19%)
  • 50-gram bars – 35,356 units (13%)

Smaller-weight bars appear to be especially attractive due to their affordability and flexibility for investors.

Where to Buy and Sell

Gold bars are available for purchase and buyback through Halyk Bank, Eurasian Bank, Alatau City Bank, Bank CenterCredit, as well as selected non-bank exchange offices.

A key advantage of the program is liquidity: banks and exchange offices offer same-day buyback with immediate payment to clients. This significantly increases investor confidence.

Security and Quality Assurance

Each gold bar is produced with advanced security features, including:

  • A mirror-like surface
  • Microtext
  • A textured edge

Bars are packaged in special protective casing that prevents mechanical damage and allows customers to easily verify whether the packaging has been opened. The packaging also serves as a certificate of authenticity.

Investors are advised to store the bar carefully and avoid damaging the protective casing.

Why Gold?

Amid currency fluctuations, inflation pressures, and global uncertainty, gold traditionally serves as a “safe haven” asset.

The 2025 figures clearly show that Kazakhstanis continue to trust gold as a long-term store of value.

Gold is more than a metal — it remains a symbol of financial stability.

DKNews International News Agency is registered with the Ministry of Culture and Information of the Republic of Kazakhstan. Registration certificate No. 10484-AA issued on January 20, 2010.

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