BoM purchases 2.2 tons of precious metal in JulyEconomy
Ulaanbaatar /MONTSAME/. In July 2020, the precious metal purchase
of the Bank of Mongolia (BoM) was 2.2 tons, raising the BoM’s total precious
metal purchase of 2020 to 13 tons, of which 11.3 tons were gold and 1.7 tons
were silver. It means the amount of precious metal purchase increased by 5.5
tons compared with the same period of previous year.
In July, the BoM branches in Darkhan-Uul and Bayankhongor aimags bought 81.7 kg and 169 kg of precious metals respectively. The average price of BoM’s purchase of 1 gram of gold was MNT 167,504.44 in July.