BoM purchases 1.7 tons of precious metal in NovemberEconomy
Ulaanbaatar /MONTSAME/ In November 2020, the Bank of Mongolia (BoM) purchased 1.7 tons of precious metal. Thus, total amount of precious metal purchase has reached 21 tons since the beginning of this year, showing an increase of 6.5 tons compared to the same period of previous year.
19.3 tons of the total purchased precious metal were gold and 1.7 tons were silver.
The BoM branches in Darkhan-Uul and Bayankhongor aimag bought 106.5 kg and 98.7 kg of precious metals respectively in November, bringing total amount to 1.8 tons.
The average price of BoM’s purchase of 1 gram of gold was MNT 170,810.51 in November.