In Mongolia, the jewellery market is currently vibrant as it celebrates the Year of the Fire Horse (which began on February 17, 2026). Late February is a key shopping period, as retailers are clearing Lunar New Year stock while launching early previews for International Women’s Day (March 8th), which is a major holiday in Mongolia.
Top Brand & Retailer Offers
Goyo Jewelry
A premier choice for contemporary Mongolian design using genuine gemstones and 925 sterling silver.
* Diversified Collections: They are currently highlighting their "Pearl Edition" and "Quartz Edition."
* Pricing Strategy: Goyo focuses on "fair pricing" for authentic materials, making them a popular choice for high-quality, everyday luxury that doesn't reach the extreme price points of solid gold.
MANGO Mongolia
For trend-focused fashion and costume jewellery:
* "Snake Collection" Sale: Currently offering a significant markdown on their "Snake necklace and ring pack," reduced from MNT 59,900 to MNT 32,400.
* Teen Jewelry Bundles: 2-packs of necklaces are currently on offer for MNT 29,900 (Original price MNT 55,900).
* Goddess Day Prep: Look for their "New Now" collection of gold-toned and resin coin pendants, which are being positioned as top gift items for early March.
Darxan Gold & National Artisans
Traditional gold and silver remain the bedrock of the Mongolian market, especially in regions like Darkhan.
* Year of the Horse Specials: Local goldsmiths are currently promoting solid gold pendants and "Horse" motifs to commemorate the new zodiac year.
* Investment Pieces: The Bank of Mongolia and associated dealers are featuring the 2026 1/2 Gram Proof Gold Lunar Horse Coin (1,000 Tögrög face value). These are highly sought after as both a cultural keepsake and a gold investment.
Current Gold Rates (February 23, 2026)
Gold prices in Ulaanbaatar have seen an upward trend this February. Average retail rates per gram in Mongolian Tögrög (MNT):
* 24K Gold: ~MNT 395,882
* 22K Gold: ~MNT 362,891
* 18K Gold: ~MNT 296,911
* Silver (Buy): ~MNT 8,637 per gram
Shopping Tips for Mongolia
* The "Women's Day" Surge: In Mongolia, March 8th is a public holiday with heavy gift-giving. If you plan to buy jewellery, the final week of February is the best time to secure stock before the rush and potential "holiday premium" pricing.
* National Symbolism: When shopping at the State Department Store (Ikh Delguur), look for pieces featuring the Soyombo or traditional endless knots (Ulzii). These are often crafted in high-purity silver and are considered timeless Mongolian staples.
* Hallmarking: Genuine Mongolian silver should be stamped with 925. For gold, the 585 (14K) and 750 (18K) standards are common in boutiques, while traditional "yellow gold" is often 22K or higher.
* Negotiating: In smaller boutiques and market-style shops like those in Darkhan or the Narantuul Market, you can often negotiate a 5–10% discount if paying in cash (MNT).
Top Brand & Retailer Offers
Goyo Jewelry
A premier choice for contemporary Mongolian design using genuine gemstones and 925 sterling silver.
* Diversified Collections: They are currently highlighting their "Pearl Edition" and "Quartz Edition."
* Pricing Strategy: Goyo focuses on "fair pricing" for authentic materials, making them a popular choice for high-quality, everyday luxury that doesn't reach the extreme price points of solid gold.
MANGO Mongolia
For trend-focused fashion and costume jewellery:
* "Snake Collection" Sale: Currently offering a significant markdown on their "Snake necklace and ring pack," reduced from MNT 59,900 to MNT 32,400.
* Teen Jewelry Bundles: 2-packs of necklaces are currently on offer for MNT 29,900 (Original price MNT 55,900).
* Goddess Day Prep: Look for their "New Now" collection of gold-toned and resin coin pendants, which are being positioned as top gift items for early March.
Darxan Gold & National Artisans
Traditional gold and silver remain the bedrock of the Mongolian market, especially in regions like Darkhan.
* Year of the Horse Specials: Local goldsmiths are currently promoting solid gold pendants and "Horse" motifs to commemorate the new zodiac year.
* Investment Pieces: The Bank of Mongolia and associated dealers are featuring the 2026 1/2 Gram Proof Gold Lunar Horse Coin (1,000 Tögrög face value). These are highly sought after as both a cultural keepsake and a gold investment.
Current Gold Rates (February 23, 2026)
Gold prices in Ulaanbaatar have seen an upward trend this February. Average retail rates per gram in Mongolian Tögrög (MNT):
* 24K Gold: ~MNT 395,882
* 22K Gold: ~MNT 362,891
* 18K Gold: ~MNT 296,911
* Silver (Buy): ~MNT 8,637 per gram
Shopping Tips for Mongolia
* The "Women's Day" Surge: In Mongolia, March 8th is a public holiday with heavy gift-giving. If you plan to buy jewellery, the final week of February is the best time to secure stock before the rush and potential "holiday premium" pricing.
* National Symbolism: When shopping at the State Department Store (Ikh Delguur), look for pieces featuring the Soyombo or traditional endless knots (Ulzii). These are often crafted in high-purity silver and are considered timeless Mongolian staples.
* Hallmarking: Genuine Mongolian silver should be stamped with 925. For gold, the 585 (14K) and 750 (18K) standards are common in boutiques, while traditional "yellow gold" is often 22K or higher.
* Negotiating: In smaller boutiques and market-style shops like those in Darkhan or the Narantuul Market, you can often negotiate a 5–10% discount if paying in cash (MNT).
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