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BoM purchases 19.2 precious metals by October, 2020

Date: 2020/11/03

In October 2020, the Bank of Mongolia purchased 2.1 tons of precious metals and its gross purchases totaled 19.2 tons in 2020. This is an increase of 6.3 tons from the same period of the previous year.  Out of 19.2 tons of precious metals, 17.5 tons were gold, and 1.7 tons were white silver.

This month, Darkhan-uul regional division purchased 102.1 kg and Bayankhongor regional branch purchased 114.6 kg precious metals and total of 1.6 tons purchased from these 2 regions in 2020.

Monthly average gold price was 174,145.46 MNT per gram.

Chart 1. Monthly precious metals purchase of BoM (kg) in year of 2018 to 2020

Chart 2. Annual gross purchases of precious metals from 1990 to 2020 (tons)

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