Archive


Back

5.3 tons of precious metals were purchased as of March

Date: 2020/04/03

As of the first three months of 2020, the Bank of Mongolia purchased a total of 5.3 tons of precious metals, of which 830 kg was purchased in March 2020. This is an increase of 290 kg from the same period of the previous year. Out of 5.3 tons of precious metals, 3.6 tons were gold and 1.7 tons were white silver.

In March, 2020 BoM branches in Darkhan-Uul and Bayankhongor aimags bought 31 kg and 36 kg respectively. The average value of BoM’s purchase of 1 gram of gold was MNT 141,512.11 in March, 2020.

Graph 1. Monthly report of precious metals purchased by the Bank of Mongolia in 2018-2020 (kg)

Graph 2. Amount of precious metals purchased by the Bank of Mongolia in 1990-2020 (tons)

Graph 3. Price of gold purchase by the Bank of Mongolia in March 2020 (MNT / gram)