Gold Market Report
Mongolia Gold Market Report
Independently researched coverage of the Mongolia gold market, last verified Sep 1, 2026. 24K gold is currently MNT 501,759.92 per gram.
See the live gold price page for Mongolia →Research coverage
4 of 4 research sections published for Mongolia.
- About this market
- Market notes
- Buying guide
- Tax & duty notes
Gold Price by Purity
Live prices in MNT.
| Purity | Per g | Per oz t | Per tola | Per kg |
|---|---|---|---|---|
| 24 karat (999.9) | MNT 501,759.92 | MNT 15,606,477.92 | MNT 5,852,429.22 | MNT 501,759,916.58 |
| 22 karat (916.7) | MNT 460,009.32 | MNT 14,307,889.10 | MNT 5,365,458.41 | MNT 460,009,316.46 |
| 21 karat (875) | MNT 439,083.84 | MNT 13,657,033.89 | MNT 5,121,387.71 | MNT 439,083,835.39 |
| 18 karat (750) | MNT 376,357.57 | MNT 11,706,029.05 | MNT 4,389,760.89 | MNT 376,357,573.19 |
| 14 karat (583.3) | MNT 292,705.83 | MNT 9,104,168.99 | MNT 3,414,063.37 | MNT 292,705,829.92 |
| 10 karat (416.7) | MNT 209,104.27 | MNT 6,503,869.74 | MNT 2,438,951.15 | MNT 209,104,267.66 |
Trend
Last 3 months
Per gram · MNT
- Change
- +6.44%
- Low
- MNT 466,005.32
- High
- MNT 540,711.29
Historical data is presented from the site's retained market samples and daily rollups.
View full history →About the Mongolia gold market
Mongolia mines gold at an average purity of around 90%, but lacks the domestic refining capacity to bring it up to the 99.99% standard required for international bullion markets — so most Mongolian gold is exported semi-refined and finished abroad, in countries including Russia, the United Kingdom, and Japan.
Read the full section on the live price page →Market notes
Mongolia exempts gold sold to the Bank of Mongolia and licensed commercial banks from its standard 10% import VAT, a policy aimed at channelling domestic gold production toward the formal banking system rather than informal export routes.
Read the full section on the live price page →Buying gold in Mongolia
Mongolia's VAT exemption applies specifically to gold sold into the banking system, not to retail jewellery purchases -- for a jewellery transaction, expect Mongolia's standard 10% VAT to apply and confirm the applicable customs duty (5-40% depending on classification) if the piece is imported.
Read the full section on the live price page →Tax & duty notes
Mongolia charges a standard 10% VAT on imports, calculated on CIF value plus customs duty and excise tax, with customs duty itself ranging 5-40% by classification.
Read the full section on the live price page →Sources
What the Mongolia research is based on
Each claim below traces to a specific, checkable source rather than a general reference.
- PwC Worldwide Tax Summaries — Mongolia: Individual, Other taxes
Supports: Mongolia's VAT exemption for gold sold to the Bank of Mongolia and commercial banks
Checked Sep 1, 2026
- TaxAtlas — Mongolia VAT / Sales Tax Rates (2026)
Supports: Mongolia's standard 10% VAT rate on imports
Checked Sep 1, 2026
Related markets
More gold markets in Asia
Mongolia's immediate sub-region doesn't list enough markets on its own, so this also includes other Asia countries.
Learn
Guides relevant to this gold market
- education
How Gold Prices Work
Gold prices are set globally in USD per troy ounce and translated into every local market using exchange rates and purity.
- weight
Gold Weight Units Explained
Gram, troy ounce, tola, baht, kilogram — a complete conversion guide.
- purity
Gold Hallmarks Explained
What 999, 916, 875, 750 and 585 stamps actually mean.
- purity
24K vs 22K Gold: What's the Difference?
24K is nearly pure gold. 22K is 91.6% gold mixed with other metals for durability. Learn which suits investment vs. jewelry.
- buying
How to Buy Gold Safely
A step-by-step buyer's guide covering dealers, hallmarks, receipts and storage.
- investment
Gold Investment Basics
Bars, coins, ETFs, jewelry — how to start investing in gold.
Explore further
Gold terminology for this report
Methodology
How we calculate the price
- We fetch the international spot gold price (XAU/USD) live from gold-api.com + xaus.com, with automatic failover between providers.
- The spot rate is converted into the local currency using live exchange rates from exchangerate-api.com, then scaled by purity (24K, 22K, 18K…) and by weight (gram, tola, ounce, kilogram, baht).
- The result is the pure spot value. Retail counters may add dealer premium, tax and making charges — the number here is the underlying benchmark.