Central Bank of Mongolia Purchased 1.6 Tons of Precious Metals in November

Last Updated on December 7, 2024 10:02 am

In November 2024, the Central Bank of Mongolia purchased 1,689.5 kg of precious metals, bringing the total amount to 15.8 tons since the beginning of the year. 

This figure represents a 1.6 percent decrease compared to the same period last year.

Since the beginning of the year, the Darkhan-Uul branch of the Central Bank of Mongolia has purchased 753.4 kg of precious metals, whereas the Bayankhongor branch- 1,177.2 kg. 

The Central Bank of Mongolia determines the purchase price of precious metals based on global market prices. In November 2024, the average price for purchasing gold was MNT 291,101.68.