Regulation and Method of Pricing Gold
One of the vital sources to multiply the FX reserve is to buy gold from the domestic market and turn it into cash. The Bank of Mongolia has been offering preferential gold cost to the miners and disposers for supporting the domestic gold manufacturing and increasing the amount of gold to be sold to it by making change in the Regulation and Method of Pricing Gold in March of 2009.
For instance: The buying price of BoM is fixed less by 2 US Dollar than the London Gold Fix PM on Mar 20, 2009. Also, the responsibility of the Treasury Fund under the International Economic Department of BoM for gold trade has enhanced the services for the citizens and the cooperative organizations.
|
|
|
Gold |
Silver |
|
Buy |
Sell |
Buy |
Sell |
|
|
| 5/17/2012 |
65,446.84 |
65,573.88 |
1,026.91 |
1,153.95 |
|
|
| 5/16/2012 |
65,771.63 |
65,898.65 |
1,070.30 |
1,197.31 |
|
|
| 5/15/2012 |
65,808.30 |
65,935.22 |
1,071.63 |
1,198.55 |
|
|
| 5/14/2012 |
66,835.67 |
66,962.58 |
1,082.06 |
1,208.96 |
|
|
| 5/11/2012 |
67,516.99 |
67,643.94 |
1,110.82 |
1,237.78 |
|
|
| 5/10/2012 |
66,849.05 |
66,976.02 |
1,090.66 |
1,217.63 |
|
|
| 5/9/2012 |
67,766.99 |
67,894.10 |
1,126.13 |
1,253.23 |
|
|
| 5/8/2012 |
69,439.75 |
69,566.72 |
1,138.46 |
1,265.43 |
|
|
| 5/7/2012 |
69,505.69 |
69,632.78 |
1,139.54 |
1,266.63 |
|
|
| 5/4/2012 |
69,164.80 |
69,291.72 |
1,157.58 |
1,284.50 |
|
|
| 5/3/2012 |
69,580.48 |
69,707.38 |
1,164.05 |
1,290.94 |
|
|
| 5/2/2012 |
70,366.73 |
70,493.82 |
1,176.87 |
1,303.97 |
|
|
| 5/1/2012 |
69,781.01 |
69,908.02 |
1,193.89 |
1,320.90 |