Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
ULAN BATOR, June 4 (Xinhua) — The Central Bank of Mongolia’s gold purchases fell by 29.3 percent in the first five months of this year compared to the same period last year, the regulator’s press service said on Wednesday.
During the specified period, the Central Bank of Mongolia purchased 4.3 tons (more than 151 thousand ounces) of gold from legal entities and individuals, the official statement noted.
As of May, the Central Bank of Mongolia’s gold buying rate was around US$105 per gram, in line with the low rate on the London Metal Exchange.
The purchase of gold is one of the regulator’s most important instruments, promoting economic stability through the gradual increase of the country’s gold and foreign exchange reserves.
According to the latest data from the Central Bank, Mongolia’s foreign exchange reserves reached US$5.135 billion in the first quarter of 2025. –0–