GOLD NEWS

Central Bank of Mongolia Purchased 1.6 Tons of Precious Metals in November

Wed Dec 04 2024

In November 2024, the Central Bank of Mongolia purchased 1,689.5 kg of precious metals, bringing the total amount to 15.8 tons since the beginning of the year.  This figure represents a 1.6 percent decrease compared to the same period last year.

Since the beginning of the year, the Darkhan-Uul branch of the Central Bank of Mongolia has purchased 753.4 kg of precious metals, whereas the Bayankhongor branch- 1,177.2 kg. 

The Central Bank of Mongolia determines the purchase price of precious metals based on global market prices. In November 2024, the average price for purchasing gold was MNT 291,101.68.

Source: https://www.montsame.mn/