BoM purchases 1.7 tons of precious metal in May www.montsame.mn
In May 2020, the precious metal purchase of the Bank of Mongolia (BoM) was 1.7 tons, raising the BoM’s total precious metal purchase of 2020 to 8.5 tons, of which 6.8 tons were gold and 1.7 tons were silver. It means the amount of precious metal purchase increased by 4.3 tons compared with the same period of previous year.
In May, the BoM branches in Darkhan-Uul and Bayankhongor aimags bought 36.7 kg and 58.0 kg of precious metals respectively. The average price of BoM’s purchase of 1 gram of gold was MNT 154,048.51 in May.