Central Bank of Mongolia Purchases 1.9 Tons of Precious Metals

Ulaanbaatar, November 7, 2024 /MONTSAME/. In October 2024, the Central Bank of Mongolia purchased 1,902.5 kg of precious metals, bringing the total amount to 14.1 tons since the beginning of the year. This figure represents a 0.6 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 670.9 kg of precious metals, whereas the Bayan-Khongor branch- 1,085.7 kg. 

The Central Bank of Mongolia determines the purchase price of precious metals based on global market prices. In October 2024, the average price for purchasing gold was MNT 292,856.04.