Bank of Mongolia reports on gold purchases in 2018

The American Chamber of Commerce in Mongolia

2018-07-24 15:41 GMT+8

As of July 20, Bank of Mongolia has purchased 8.3 tons of gold, representing an increase of 14 percent compared to July 2017. Bank of Mongolia sets the price of gold on a daily basis, in accordance with prices from the London Metal Exchange.

On July 23, the Bank of Mongolia’s purchase price for gold was 97,090 MNT per gram. In the global market, gold sold for 1,231 USD per ounce on July 23. The central bank bought six tons of gold in 2013, 15.1 tons in 2015, and 20 tons in 2017.  

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