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Gold purchase by Mongolia's central bank drops 19.5 pct www.xinhuanet.com
The Bank of Mongolia said Thursday that its purchase of gold dropped by 19.5 percent in the first nine months of 2025 compared with the same period last year.
The country's central bank has purchased a total of 9.8 tons of gold from legal entities and individuals in the January-September period.
As of September, the average price of gold per gram purchased by the Bank of Mongolia was 421,178 Mongolian tugriks (117.2 U.S. dollars).
Purchasing gold is a major way to protect wealth against inflation and economic uncertainty and to ensure the country's economic stability by consistently increasing foreign currency reserves, said the bank.
Published Date:2025-10-03
