the local gold price increased to approximately 19 lakh kyats per kyat on January 20 morning.
According to gold market insiders, gold prices are soaring in the gold market as a result of a decline in dollar prices. In the past, gold prices rose sharply due to a lack of trust in the kyat.
This morning, global gold prices, which have fluctuated since the third week of December, increased to $ 1,839 per troy ounce.
Yesterday, the price of one troy ounce of gold around the world was just $1,812, up nearly $30.
According to market insiders, the exchange rate between the kyat and the dollar was 1786 kyats today, January 20, but it was trading between 1970 and 2000 kyats on the external market.
