The price of academy gold only increased by 22,000 kyats per kyat, whereas the price of gold worldwide increased to $ 81 per ounce within two weeks.
The local academy gold price was 18,895,000 kyats per kyat today, February 16, at 2:30 p.m., while the global gold price dropped to US$1,854 per ounce. As a result, within two weeks, the price of academy gold decreased to 13,500 kyats per kyat and the global price of gold decreased to US$24 per ounce.
A gold market expert responded to the question of whether the rapid rise or fall in global gold prices would affect domestic gold prices: The main issue is Russia and Ukraine. Because of rivalry, the costs of oil and gold all over the planet have gone up. As a result, the price of Myanmar gold will fluctuate in response to changes in global gold prices. However, the majority of people cannot afford one. Myanmar’s gold market has been following slowly.
Between 187,000 and 80,000 and 19,800,000, the price of Burmese gold rose between 35,000 and 40,000 percent. Between around 1880 and 1900, the worldwide gold cost expanded from under $1,800. Accordingly, worldwide gold costs are rising quickly. The cost of Myanmar gold has been steadily rising. He did not fall because of the restraint. It will circumspectly withdraw. Going up and down is challenging. He asserts, “If you go up and down slowly, you will go down slowly.” “On the current trading situation on the market, a gold trader said,
