RSS   Newsletter   Contact   Advertise with us

Mongolia's central bank purchases 18.9 tons of gold in first 11 months

Staff Writer | December 4, 2018
The Bank of Mongolia, the central bank, has purchased 18.9 tons of gold from legal entities and individuals in the first 11 months of this year, the same as last year's figure during the same period, according to a statement issued on Tuesday.
Bank of Mongolia
Asia   Bank of Mongolia
As of November, the bank's average gold purchase price was 100,995.34 Mongolian tugriks (about 38 U.S. dollars) per gram.

The bank, which bought 20.01 tons of gold last year, has set a goal to buy 22 tons of gold by the end of this year. But it is expected that the bank will fail to achieve its goal because the three-month peak season for gold mining ended in October, analysts said.