Mongolbank purchases 1,518 kg gold in first two months of 2018. The Bank of Mongolia has purchased 390 kg gold as of February 26, which shows 47.4 percent decrease against the same period of 2017. In February, 2017,741 kg gold was sold to the central bank. In February, gold price stood at MNT 102,833.87 on average per gram, corresponding to low rate at the London Metal Exchange. The decrease in gold purchase is linked to the low price and gold mining.

Source: Montsame.mn