Gold purchase increases 10-fold

2020-03-02 16:29:00

Ulaanbaatar /MONTSAME/. As of first two months of 2020, the Bank of Mongolia (BoM) has purchased 4.3 tons of gold in total, of which 952 kg was purchased in February. The figure represents the increase of 856 kg compared to February, 2019 which was 96 kg.

In February, 2020, the BoM branches in Darkhan-Uul and Bayankhongor aimags bought 16 kg and 18 kg respectively. The average value of BoM’s purchase of 1 gram of gold was MNT 140,292.94 in February, 2020.