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The native gold costs which were skyrocketing since final yr now hit MMK2 million per tical once more after reaching MMK 2.2 million per tical in late September 2022. A tical of gold is equal to 16.32 grams or 0.576 oz.
Within the afternoon of March 8, the gold value within the international market is $2014 per ounce whereas the greenback price towards Myanmar Kyat within the casual market is MMK 2035-2060 per greenback.
Following the navy take over, the gold value accompanied by the deprecation of Myanmar Kyat has been rising day-to-day.
An official Yangon Gold Entrepreneur Affiliation stated that the affiliation is making an attempt to stabilize the home gold market and the gold value hike within the nation is round 10 % and displays the worldwide gold costs.
In the meantime, some gold outlets requested gold consumers to carry ID playing cards or driver’s licenses and required consumers to supply their residency deal with, which acquired backlashes from the shoppers.
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