The Bank of Mongolia bought 3,058.0 kg of precious metals in August 2026 and 11.9 tonnes since January, according to its monthly gold purchase statistics and a release dated 1 September. The release puts the eight-month total 54.4% above January–August 2025 and names the sellers as 93 companies holding special licences and 39 individuals licensed to trade precious metals.
| Bank of Mongolia purchases | July 2026 | August 2026 |
|---|---|---|
| In the month | 1,439.2 kg | 3,058.0 kg |
| Since January | 8.9 t | 11.9 t |
| Since January, against 2025 | +26.1% | +54.4% |
| Bayankhongor branch, since January | 1,677.1 kg | 2,130.4 kg |
| Darkhan-Uul branch, since January | 431.8 kg | 616.0 kg |
Sellers deliver against the document list the Bank of Mongolia publishes for sellers of precious metals. A company files copies of its licence, registration and company description once, and brings an assay result and a copy of its special certificate to trade precious metals; an individual brings an identity card, an assay result and the same certificate. The Bank of Mongolia withholds the 5% mineral resource royalty and pays the seller the same day, with no other tax or fee deducted. Natural nuggets go through a separate list: an application, an analysis by the Central Geological Laboratory, and evidence establishing the gold’s origin.
The Treasury Fund procedure approved by Governor’s order A-332 of 27 December 2017, reproduced in the Bank of Mongolia’s 2019 gold purchase manual, requires each bar to be melted after primary processing, assayed by an authorised assay office and sealed in its own bag; the Bank of Mongolia weighs gold to the milligram and calculates the fine weight from the assay result. The 2019 manual puts the average gold content of Mongolian output at 85%, below the 99.5% minimum fineness of an LBMA Good Delivery bar, and shows the purchased metal going to refineries abroad. Any of it that reaches the international bar market does so as a refinery’s product, under that refinery’s mark and serial number, while the licence, certificate and assay record of each lot stays with the Bank of Mongolia as first buyer.
The release covers purchases by weight and by seller. Refining, placement with foreign banks and any sale of the metal sit with the Bank of Mongolia under the Law on the Central Bank and the Law on the Treasury Fund.