Find out the latest gold prices in Mongolia with our guide. It’s great for both new and experienced investors. Our page gives you real-time updates on gold prices per gram, ounce, and kilogram in Mongolia.
Stay ahead with our expert insights and market analysis. Make smart choices for your investments.
Key Takeaways
- The current gold price per gram in Mongolia is 288,119.69 Mongolian Tugriks (MNT).
- Gold prices in Mongolia are influenced by market behavior, economic scenarios, and international factors.
- Different gold rates exist for 24K, 22K, 21K, 18K, 14K, 12K, and 10K in Mongolia.
- Gold prices in Mongolia vary state-wise due to different tax ratios and variable tax structures.
- Staying up-to-date with the latest gold market trends in Mongolia is crucial for making informed investment decisions.
Current Gold Market Overview in Mongolia
The gold market in Mongolia is very important. It’s a big part of the country’s precious metals. People watch the gold rates closely. It’s key to know what’s happening in the Mongolian gold market now.
Today’s Gold Rate Highlights
The gold price per ounce in Mongolia is MNT 8,962,388.56. This is up by +3,483.10 MNT (+0.04%) from yesterday. The market has seen some ups and downs.
The highest price was MNT 8,970,176.32. The lowest was MNT 8,905,682.28. This means the price changed by 64,494.00 MNT.
Market Volatility Status and Trends
The Mongolian gold market’s volatility is medium. This means prices change a bit. Recently, the market has seen both ups and downs. This shows how fast the global precious metals world is changing.
Daily Price Fluctuations
The gold market in Mongolia has seen a lot of changes. On November 27, 2024, the price was MNT 8,966,953.01. Here are the prices for different karats:
| Karat | Price per Gram (MNT) |
|---|---|
| 24K | 288,326.46 |
| 22K | 264,278.01 |
| 21K | 252,234.97 |
| 18K | 216,175.34 |
These changes show how lively the Mongolian gold market is. They give useful info to investors and buyers.
Price of Gold Mongolia: Latest Updates and Charts
Knowing the latest gold prices in Mongolia is key for investors and traders. We’ll share current gold prices in Mongolia. You’ll get charts and insights to guide your choices.
The price of gold in Mongolia per gram is as follows:
- Gold Gram 24K (.999): 286,851.69 Mongolian Tugrik
- Gold Gram 22K (.916): 263,019.17 Mongolian Tugrik
- Gold Gram 21K (.875): 251,246.47 Mongolian Tugrik
- Gold Gram 18K (.750): 215,354.12 Mongolian Tugrik
- Gold Gram 14K (.585): 167,976.21 Mongolian Tugrik
- Gold Gram 12K (.500): 143,569.41 Mongolian Tugrik
- Gold Gram 10K (.417): 119,736.89 Mongolian Tugrik
- Gold Gram 9K (.375): 107,677.06 Mongolian Tugrik
- Gold Gram 8K (.333): 95,617.23 Mongolian Tugrik
This chart shows gold price changes over weeks. It helps you understand market trends. This info is great for your Mongolia gold trading plans.
Here’s data on gold prices per ounce in Mongolia:
| Gold Purity | Price per Ounce (Mongolian Tugrik) |
|---|---|
| 24K | 8,932,655.45 |
| 22K | 8,182,312.40 |
| 21K | 7,816,073.52 |
| 18K | 6,699,491.59 |
| 14K | 5,225,603.44 |
| 12K | 4,466,327.73 |
| 10K | 3,724,917.32 |
Keep up with the price of gold in Mongolia. Check out the latest charts and data for smart investment choices.
Understanding Gold Purity and Karats in Mongolian Market
Investing in gold in Mongolia means knowing about purity and karats. The highest quality, 24K gold, has 99.999% purity. It’s the best choice for top-quality gold bullion or investments.
24K Gold Standards and Pricing
24K gold is the top standard in Mongolia. It’s known for its bright yellow color and soft feel. The “999” mark shows it’s 99.999% pure. Right now, 24K gold costs about 288,119.77 MNT per gram. It’s a great choice for gold investment Mongolia and buying gold in Mongolia.
Different Karat Options Available
While 24K gold is the highest, Mongolia also has other karats. These include:
- 23K
- 22K
- 21K
- 18K
- 14K
- 10K
- 9K
- 8K
- 6K
These options let investors and buyers choose more affordable gold products.
Price Variations by Purity Levels
The price of gold in Mongolia changes with purity. 24K gold costs 288,119.77 MNT per gram. 14K gold is 168,069.87 MNT per gram. Knowing the purity is key when investing or buying in Mongolia.
Gold Weight Units and Their Current Values
In the Mongolia gold market, prices are for different weights. One gram of gold is 288,119.77 Mongolian Tugriks (MNT). For more, 5 grams cost 1,440,598.85 MNT, and 10 grams are 2,881,197.69 MNT.
The market also uses tola, baht, grain, and ratti. A tola is 3,360,650.50 MNT, and a baht is 4,238,452.41 MNT. Grain is 18,670.25 MNT, and ratti is 52,439.14 MNT.
One troy ounce is 31.1034768 grams. Knowing this helps when buying gold in Mongolia.
| Gold Unit | Price (MNT) |
|---|---|
| 1 Gram | 288,119.77 |
| 5 Grams | 1,440,598.85 |
| 10 Grams | 2,881,197.69 |
| Tola | 3,360,650.50 |
| Baht | 4,238,452.41 |
| Grain | 18,670.25 |
| Ratti | 52,439.14 |
“Understanding the various gold weight units and their corresponding prices is crucial for making informed purchasing decisions in the Mongolian gold market.”
Historical Gold Price Trends in Mongolia
The gold market in Mongolia has seen ups and downs. Looking at the past, we see how gold prices have changed.
Monthly Price Analysis
Recently, gold prices in Mongolia have gone up and down. On November 27th, 2024, gold was 287,568.7 Mongolian Tugrik (MNT) per gram. The day before, it was 287,475.3 MNT. This change is normal, due to many factors like the world economy and local demand.
Year-to-Date Performance
So far this year, gold prices in Mongolia have mostly gone up. The highest price was 304,054.2 MNT on October 29th, 2024. The lowest was 214,283.3 MNT on November 9th, 2023. This shows how the Mongolian gold market is always changing.
Market Influencing Factors
Many things affect gold prices in Mongolia. The world economy, currency rates, and local demand are key. As the world faces challenges, these factors keep changing the price of gold Mongolia and gold prices in Mongolia.
| Date | Gold Price (MNT/gram) |
|---|---|
| 25-Nov-2024 | 8,926,580 |
| 18-Nov-2024 | 8,802,082.7903 |
| 31-Oct-2024 | 9,460,121.7166 |
| 15-Oct-2024 | 8,977,424.1824 |
| 01-Sep-2024 | 8,516,290.4838 |
| 25-Mar-2024 | 7,330,542.2245 |
“The Mongolia gold market has been a dynamic and ever-evolving landscape, with prices reflecting the intricate interplay of global and local factors.”
Gold Investment Opportunities in Mongolia
Mongolia is a great place for gold investors. You can buy physical gold or invest in gold-backed products. This gives you many choices.
The gold price in Mongolia is 288,119.77 MNT per gram. This is good for both quick trades and long-term investments. You can use the market’s changes to grow your gold portfolio.
Investing in Mongolian Gold Bullion
Buying physical gold bars and coins is popular in Mongolia. These items can protect your money from inflation and economic ups and downs. You can buy them from approved dealers and banks in the country.
Exploring Gold-Backed Financial Products
- Gold-Linked Mutual Funds: These funds let you invest in gold without owning it.
- Exchange-Traded Funds (ETFs): Gold ETFs follow the gold market’s performance without needing to own gold.
- Gold Savings Accounts: Some banks in Mongolia offer accounts for saving gold. This lets you grow your gold over time.
Investing in gold can help your portfolio grow. It can also protect against market changes. Mongolia offers many ways to invest in gold.
| Investment Option | Potential Benefits | Considerations |
|---|---|---|
| Physical Gold Bullion | Tangible asset, hedge against inflation | Storage and security requirements |
| Gold-Linked Mutual Funds | Diversified exposure, professional management | Fees and performance tracking |
| Gold ETFs | Liquidity, low-cost access to gold market | Regulatory oversight and counterparty risk |
| Gold Savings Accounts | Gradual accumulation, potential for appreciation | Interest rates and withdrawal terms |
Mongolia is a good place for gold investors. It offers many ways to grow your portfolio. Think about your goals and how much risk you can take. This will help you make smart choices in the Mongolian gold market.
Buying and Trading Gold in Mongolian Markets
Mongolia is a great place for those who want to buy and trade gold. Big cities like Ulaanbaatar have gold markets. These places are safe and clear for buying gold in Mongolia and knowing the gold rates in Mongolia.
Popular Trading Locations
Some top places for gold trading in Mongolia are:
- Ulaanbaatar Gold Exchange
- Central Bank of Mongolia’s Gold Counter
- Licensed gold dealers and jewelry stores across major cities
These spots have lots of gold products. You can find bars, coins, and jewelry. They meet the needs of Mongolia gold trading people.
Trading Requirements and Regulations
The Mongolian government has rules for fair and legal gold trading in Mongolia. If you want to buy gold, you must follow these:
- You need a valid ID or passport.
- You must follow anti-money laundering (AML) and know-your-customer (KYC) rules.
- Know the current market rates. The latest gold price per gram at 288,119.77 MNT is important.
- The gold must be of the right purity and quality.
By following these rules, you can trade gold in Mongolia safely and legally.
Mongolia’s Gold Mining Industry Impact on Prices
Mongolia’s gold mining industry is very important. It shapes the local gold market and prices. Mongolia is a top gold producer, affecting gold prices in the country.
The Oyu Tolgoi copper mine is huge. In 2017, it made 114,000 ounces of gold, 157,400 tons of copper, and 974,000 ounces of silver. This mining helped the local economy a lot.
Now, gold in Mongolia costs 288,119.77 MNT per gram. This price is influenced by global trends and local mining. Mining makes up 21.6% of Mongolia’s GDP and 57% of industrial production.
But, the mining industry’s effect on gold prices has changed. Between 2005 and 2011, mining got $4.5 billion in foreign investment. But, by 2015, it was under $95 million. In 2016, it even got a negative $4.1 billion. These changes affected gold mining and prices in Mongolia.
Mongolia is working on its mining laws. This includes the 2006 Mining Law and the 2013 Foreign Investment Law. The gold mining industry’s role in prices is very important for investors and buyers in Mongolia.
| Metric | Value |
|---|---|
| Oyu Tolgoi Copper Mine Gold Production (2017) | 114,000 ounces |
| Mining Sector’s Contribution to Mongolia’s GDP (2020) | 21.6% |
| Mining Sector’s Contribution to Mongolia’s Industrial Production (2020) | 57% |
| Foreign Direct Investment in Mining (2005-2011) | $4.5 billion |
| Foreign Direct Investment in Mining (2015) | Under $95 million |
| Foreign Direct Investment in Mining (2016) | Negative $4.1 billion |
| Current Gold Price in Mongolia (per gram) | 288,119.77 MNT |
The gold mining industry in Mongolia has many effects. These include production, investment, and laws. Understanding these will help everyone in the Mongolian gold market.
Conclusion
The gold market in Mongolia has many investment chances. The price of 24K gold is 288,119.77 MNT per gram. Knowing the latest prices and the rules for trading gold in Mongolia helps you invest wisely.
The mining industry is big in Mongolia. It makes up 25% of the country’s GDP and 57% of industrial production in 2022. Keeping an eye on gold market trends is key. This helps you understand the market better.
Exploring the gold value chain in Mongolia is interesting. It goes from mining to making fine jewelry. Knowing the market’s ups and downs helps you make smart choices.