Burma are expected to fluctuate slowly, according to gold market observers.
This is despite the fact that Myanmar’s gold prices are slowing.
The Yangon Division Gold Entrepreneurs Association’s data shows that on February 2, the world gold price was $1,797 per ounce and the local academy gold price was 188,000 kyats per kyat.
The local academy gold price was 19,300,000 kyats per ounce, while the world gold price was 1,878 US dollars per ounce on February 15 at 12:01 a.m.
Consequently, the local academy gold price only increased by 22,000 kyats per kyat while the global gold price increased to $ 81 per ounce in two weeks.
Today, February 16, at 2:30 p.m., the local academy gold price was 18,895,000 kyats per kyat, while the price of gold worldwide dropped to US$1,854 per ounce. Consequently, the local academy gold price dropped to 13,500 kyats per kyat and the global gold price dropped to US$24 per ounce in two weeks.
A gold market expert responded to the question of whether domestic gold prices would be affected by the rapid rise or fall in global gold prices: Ukraine and Russia are the primary problem. Due to competition, the prices of oil and gold around the world have gone up.
