The price of gold has seen a significant increase from July–August until now. This rise has also affected Kosovo, with an increase of around 40–50%.
Enver Pakashtica, President of the Kosovo Jewelers Association, told Indeksonline that this price surge has directly impacted the local trade, reducing the purchasing power of citizens and negatively affecting the sales volume in jewelry stores.
“The price of gold has experienced a noticeable increase this year. According to traders and sector representatives, today one gram of gold is sold for around 100 euros, compared to 75 euros during the summer—an increase of approximately 33% from July until now,” Pakashtica said.
He also emphasized that demand for gold and silver products has decreased, with consumers often hesitating to buy due to expectations of further price drops.
Silver has also seen a significant rise compared to last year. During the same period last year, the price for one kilogram of silver was around 900 euros, while now it reaches about 1,600 euros—an increase of roughly 90%.
Pakashtica added that these movements are linked to global trends in precious metal markets, influenced by factors such as interest rates and worldwide economic uncertainty.
