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Mongolia's central bank buys 7.7 tons of gold in 8 months www.xinhuanet.com
Mongolia's central bank said Monday it had purchased a total of 7.7 tons of gold from legal entities and individuals during the first eight months of this year.
As of August, the Bank of Mongolia's average gold purchase price stood at 387,259.12 Mongolian tugriks (about 107.7 U.S. dollars) per gram, the bank said in a statement.
Purchasing gold is one of key ways for the central bank to ensure the country's economic stability by consistently increasing foreign currency reserves.
According to the central bank, Mongolia's foreign exchange reserves totalled 5.38 billion U.S. dollars at the end of July 2025.
Published Date:2025-09-02
