Life in Rural Kyrgyzstan
Mongolia|economy|November 1, 2019 / 04:40 PM
Gold purchasing declines by 27% in Mongolia

AKIPRESS.COM - As of first ten months of 2019, the gold purchase of the Bank of Mongolia (BoM) was 12.9 tons, which means the amount of gold purchase decreased by 4.9 tons or 27 percent compared with the same period of previous year.

In October, 2019 the BoM purchased 1.7 tons of gold in total, of which BoM branches in Darkhan-Uul and Bayankhongor aimags bought 51.8 kg and 58.7 kg gold respectively. The figure represents a fall of 1.7 tons as compared to the same period of previous year. The average value of BoM’s purchase of 1 gram of gold was MNT 128,362.91 in October, 2019.

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