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On account of rising worldwide gold costs, Myanmar’s gold worth has risen once more following Thingyan, officers from the Yangon Area Gold Entrepreneurs Affiliation stated.
On April 12, earlier than the Thingyan vacation, the world worth of gold was $ 1966 per ounce, and on April 18, after the Thingyan interval, it jumped by $ 20 per ounce to $ 1986 per ounce.
The value of pure gold has climbed from Ks 2043,000 to Ks 2055,000 per tical on account of the rising international gold worth.
International gold costs have risen on account of the Russia-Ukraine battle, and gross sales are outnumbering purchases within the home market, in accordance with a consultant of the Yangon Area Gold Entrepreneurs Affiliation.
Below the NLD regime, the value of gold was round 13 lakh kyats per tical. For the reason that army coup, gold costs have surged to new highs, and worth volatility has been widespread.
Greenback costs have risen for the reason that army coup in Mon State and the gold worth rose to a document excessive of Ks 22 lakh between August and September final yr.
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