ArdNews

In partnership with

Mongolia’s official gold purchases continued to strengthen in July 2026, with Mongolbank acquiring 1,439.2 kg of precious metals during the month. Total purchases reached 8.9 tonnes in the first seven months of the year, marking a 26.1% increase compared with the same period in 2025.

The increase reflects stronger participation by domestic gold producers in the formal market, with Bayankhongor and Darkhan Uul remaining the country’s largest procurement centers. Mongolbank purchased gold at an average price of MNT 469,752.63 per gram, in line with international market prices.

Official gold purchases remain an important source of foreign exchange reserve accumulation for Mongolia while supporting greater transparency across the domestic mining sector. Higher procurement volumes also help channel more domestically produced gold into the formal financial system.

📌 Key Takeaways

• 🪙 Mongolbank purchased 1,439.2 kg of precious metals in July 2026.

• 📈 Total purchases reached 8.9 tonnes, up 26.1% year on year.

• 📍 Bayankhongor and Darkhan Uul remained the leading procurement regions.

• 💰 The average purchase price was MNT 469,752.63 per gram, reflecting international gold prices.

💡 Ard Insight

Gold remains one of Mongolia’s most strategic export commodities and a key contributor to foreign exchange reserves. Sustained growth in official gold purchases strengthens reserve accumulation, improves formal market participation, and enhances macroeconomic resilience at a time when external financing conditions remain uncertain.

https://ardnews.beehiiv.com/subscribe

Mongolia’s economy, stock market, politics, and mining news delivered first on ArdNews Brief in 5 minutes

One Shark Missed Billions… Another Saw This Coming

Imagine turning down Uber at a valuation of $10 million, only to watch it go public at over $80 billion.

That’s exactly what happened to Mark Cuban… a 799,900% return, gone.

But original Shark Tank investor Kevin Harrington built his career doing the opposite: spotting asymmetric opportunities before they go mainstream.

Like Uber turned vehicles into income-generating assets, Mode Mobile is turning smartphones into income streams.

They were named the #1 fastest-growing software company by Deloitte and have already helped their users earn and save over $1B.

Kevin Harrington invested early.

And at just $0.52/share, you can still get in before their potential IPO.

Secure shares at $0.52 while the pre-IPO window is still open.

^{Potential Uber return for Marc Cuban does not take into account dilution.}

^{The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period in 2023.}

^{Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A Offering.}