Gold Prices Rise as Sugar Prices Drop in Kabul

The price of Indian sugar has decreased while gold prices have risen in Kabul over the past week, according to market sources.

Zamari Safi, the head of the Food Traders Union in Kabul, reported that the wholesale price of a 49-kilogram sack of Indian sugar dropped from 3,700 afghanis to 3,400 afghanis. Safi attributed this price reduction to an increase in the volume of imports entering the city, which has helped lower the cost for wholesalers.

In the gold market, prices experienced a general upward trend. The price of Arabian gold increased from 7,625 afghanis to 7,700 afghanis per gram. Similarly, the price of Russian gold rose from 6,070 afghanis to 6,130 afghanis per gram.

Currency exchange rates showed mixed results during the same period. Haji Mohammad Hussain, the owner of Sadaqat Money Exchange Service, noted that the exchange rate for one US dollar decreased from 64.40 afghanis to 63.80 afghanis. In contrast, the exchange rate for 1,000 Pakistani rupees remained stable at 220 afghanis.

Other essential commodities and fuel prices in the capital remained relatively steady. According to market data, both petrol and diesel are currently priced at 63 afghanis per litre in Kabul.