🇲🇳Platinum Rate in Ulan Bator Today
The platinum rate in Ulan Bator today is MNT 6,725,971 per troy ounce for 24K, based on an international spot price of $1,854.00 per troy ounce. That is down MNT 61,310 from the previous close. This is the international spot price converted into MNT for Ulan Bator. Jewellers there add making charges and a local premium on top, so a counter price will normally sit above this figure. It is one of Mongolia's larger markets, with a population of around 844,818. The MNT has weakened 1.866% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Platinum rate in Ulan Bator — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | MNT 216,245 | MNT 198,225 | MNT 189,214 | MNT 162,184 | MNT 126,143 |
| 1 Troy Ounce (31.1035 g) | MNT 6,725,971 | MNT 6,165,474 | MNT 5,885,225 | MNT 5,044,478 | MNT 3,923,483 |
| 1 Kilogram (1,000 g) | MNT 216,244,996 | MNT 198,224,580 | MNT 189,214,372 | MNT 162,183,747 | MNT 126,142,915 |
All figures in MNT (Tugrik). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
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Platinum rate in Ulan Bator — questions
What is the platinum rate in Ulan Bator today?
The platinum rate in Ulan Bator today is MNT 6,725,971 per troy ounce for 24K, and MNT 6,725,971 per troy ounce for 24K. These are live figures converted from international spot at the current MNT exchange rate.
What is the price of 1 gram of gold in Ulan Bator?
One gram of 24K platinum costs MNT 216,245 in Ulan Bator, and 22K costs MNT 198,225 per gram. 18K works out at MNT 162,184.
Why is 22K cheaper than 24K in Ulan Bator?
22K gold is 91.67% pure — 22 parts gold to 24 — so it contains less gold by weight than 24K, which is 99.9% pure. That is why 22K is MNT 18,020 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Ulan Bator different from other cities?
The underlying metal price is identical everywhere in Mongolia — gold trades in one global market and converts at one exchange rate. What differs city to city is the retail markup: making charges, wastage and the jeweller's own premium. Those are set by each shop, not by the market.
How often does this rate update?
The spot price refreshes continuously through the trading day and this page reflects the latest reading, last confirmed 1 month ago. Exchange rates refresh alongside it.