BoM purchases 1.1 tons of gold in April

Economy
misheel@montsame.gov.mn
2019-05-06 15:04:16

Ulaanbaatar /MONSTAME/  The Bank of Mongolia (BoM) bought 1.1 tons of gold in April, 2019, which shows 10 percent growth comparing to the same period of previous year.

In April, the Darkhan-Uul and Bayankhongor branches of the BoM bought 9 kg and 3 kg of gold respectively. The gold purchase increased since the adoption of the bill on amendments to the Law on Mineral Resources at the irregular session of the Parliament. Gold royalty was increased from 2.5 to 5 percent.

Throughout April, average price for a gram of gold stood at MNT 108,757.