The world gold price is around 1,847 dollars and the domestic gold price is around 2045,000 kyats

0
20

On May 2, the world gold price was around 1,847 dollars, and the domestic gold price reached around 2045,000 kyats, according to gold dealers.

On May 20, the local gold price was around 2045,000 kyats. 15. The gold price of pea syrup is around 1,931,000 kyats.

It is reported that some gold shops are buying through the cash down system and buyback priority system.

From 2016 to 2021, record prices of local gold prices occurred several times, and the annual record prices were 903,500 kyats on October 4, 2016. 957,800 Kyats on September 15, 2017; On September 20, 2018, Kyat 1047,700; On February 20, 2019, 1088500 kyats, On July 18, 2019, Kyat 1143500, On August 13, 2019, Kyat 1,237,000; On September 5, 2019, 1,315,000 kyats; On August 7, 2020, Kyat 1335500, On February 6, 2021, it is 1,420,000 kyats.

The price of gold was 800,000 kyats in 2016. 900,000 kyats in 2017, 100000 kyats in 2018, In 2019, it exceeded 1100,000 kyats and 1200,000 kyats, and in September 2019, it rose to over 1310,000 kyats, and on February 6, 2021, it reached a record high of 1420,000 kyats.

The lowest and highest global gold prices that occurred by month were $1568-1729 in April 2020; 1683-1748 dollars in May; 1680-1779 dollars in June; 1769-1975 dollars in July; 1859-2075 dollars in August; 1848-1975 dollars in September; October 1858-1933; In November 1764-1966 Daw La, It was around 1776-1906 in December.

The Central Bank of Myanmar’s Foreign Exchange Operation aims to increase the foreign exchange rate in the short term. It is reported that the rule-based foreign currency bidding auction is being implemented in order to implement the two points to reduce the large cost and to replenish the national reserve for foreign use.

The exchange rates of other foreign currencies in the domestic market on May 2, 2022 are 214,000 Kyats, Singapore dollar 1495 kyat Malaysian ringgit 460 kyats Thai baht 60.70 17.5 Japanese yen Chinese yuan 317 kyats.