The Bank of Mongolia’s precious metal purchases declined in May 2025, signaling a continued slowdown in national metal acquisitions. The central bank bought 1,014.3 kilograms of precious metals during the month. This figure marks a 0.83% drop compared to April 2025. More strikingly, when compared to May 2024, the drop reached 29.3%. This significant annual decline points to broader changes in Mongolia’s metals market.
Despite the drop, regional branches of the Bank of Mongolia remain active. The Darkhan-Uul Branch contributed 171.9 kilograms to the May total. Meanwhile, the Bayankhongor Branch acquired a larger share with 711.0 kilograms. Since January 2025, the Bank of Mongolia’s regional operations have shown varied performance. Bayankhongor continues to lead in volume. Darkhan-Uul trails behind but maintains a steady pace.
In comparison, last year’s figures were much higher. The May 2024 purchase total exceeded this year’s number by a large margin. This suggests a shift in supply, demand, or pricing. Furthermore, this decline aligns with broader economic trends across Mongolia. Many analysts have pointed to fluctuating gold prices and stricter mining regulations. These factors could influence the lower acquisition rates.
On a national level, mining companies have slowed operations. Many cite high costs and low international prices. As a result, the volume available for sale to the Bank of Mongolia has fallen. Still, the Bank of Mongolia’s precious metal purchases remain a vital economic indicator. These figures help reflect the country’s resource output and export potential. Traders and investors continue to watch these monthly updates. They often use the data to track resource-based economic growth. For Mongolia, natural resources drive much of its GDP.
Despite the dip, central bank officials have not issued warnings. Instead, they emphasize the seasonal nature of metal production. Looking ahead, the bank may adjust its strategies if the trend continues. However, for now, it stays focused on steady, long-term accumulation.The Bank of Mongolia’s precious metal purchases may fluctuate, but they remain a key part of the national economy. Reactions from regional branches, miners, and global buyers will shape future trends. In summary, the Bank of Mongolia’s precious metal purchases dropped this May, but the country’s resource strategy endures.
