Bank of Mongolia Purchases 1.5 Tons of Precious Metals

Ulaanbaatar, August 6, 2024 /MONTSAME/. In July 2024, the Bank of Mongolia purchased 1,514.7 kg of precious metals. The total amount purchased since the beginning of the year has reached 9.3 tons, a 9.5 percent increase compared to the same period of last year.

Since the beginning of the year, the central bank branch in Darkhan-Uul aimag purchased 335.2 kg, while the branch in Bayankhongor aimag purchased 688.8 kg of precious metals.

The Central Bank of Mongolia determines the purchase price of precious metals based on global market prices. In July 2024, the average price for purchasing gold was MNT 259,674.50.