BoM purchases 2.3 tons of precious metals in September

Date: 2020/10/07

In September 2020, the Bank of Mongolia purchased 2.3 tons of precious metals, and its gross purchases totaled 17.1 tons in 2020.  This is an increase of 6 tons from the same period of the previous year. Out of 17.1 tons of precious metals, 15.4 tons were gold and 1.7 tons were white silver.

Darkhan-uul regional division purchased 123.9 kg and Bayakhongor regional branch purchased 154.5 kg precious metals in September 2020. In the year of 2020, precious metals purchases totaled 1,4 tons from 2 regions.

Monthly average gold price was 176,494.48 MNT per gram. 

Chart 1. Monthly precious metals purchases of BoM (kg) 2018-2020

Chart 2. Annual gross purchases of precious metals from 1990 (tons)

Chart 3. Average gold price in September of BoM (MNT per gram)