ArdNews

🏦 Bank of Mongolia Purchases 2.43 Tonnes of Precious Metals in June 📈

July 01, 2026

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The Bank of Mongolia purchased 2,430.2 kilograms of precious metals in June 2026, bringing total purchases for the first six months of the year to 7.4 tonnes, representing a 27.1% increase compared with the same period last year.

  • 📊 Of the June purchases, 1,410.0 kg was acquired through the Bayanhongor branch, while the Darhan Uul branch purchased 288.4 kg, reflecting continued growth in domestic gold supply.

  • 💰 The Bank of Mongolia determines its precious metals purchase prices based on international market prices. In June 2026, the average purchase price for one gram of gold reached MNT 488,276.75.

  • ⚡ The sharp increase in June purchases follows several months of relatively lower procurement volumes, indicating a recovery in domestic precious metals supply and stronger participation by local gold producers.

💡 Ard Insight

Higher gold purchases strengthen Mongolia’s foreign exchange reserves while supporting the country’s gold sector and improving foreign currency inflows through official channels.

Source: www.mongolbank.mn

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