MT News
The Yangon Region Gold Entrepreneurs Association (YGEA)’s reference price of gold climbed to Ks-2,259,600 per tical in the domestic market on 16 January following the increase in global gold spot prices.
The figures indicated an increase of Ks-5,000 compared to last Monday’s price and the pure gold spiked at Ks-2,835,000 per tical in the external market.
The foreign exchange rate stood around Ks-2,870 per dollar, showing a little gap compared to last week.
The global gold price was US$-1,917 on 16 January, an increase of US$-40 more than last week.
As the official gold price set below Ks-2.7 million, those who manipulated gold prices will be taken action, YGEA announced on 11 January. The concerned departmental officials conducted investigation and will take action against them. So, those who manipulated gold prices are requested not to make rumors and manipulate the prices.
But, the domestic gold price and dollar exchange rate in spot market stood Ks-2,765,000 per tical and Ks-2,850 per dollar on 9 January, Ks-2,800,000 and Ks-2,850 on 10 January, Ks-2,820,000 and Ks-2,855 on 11 January, Ks-2,840,000 and Ks-2,850 on 12 January, Ks-2,830,000 and Ks-2,880 on 13 January, Ks-2,846,000 and Ks-2,880 on 14 January.
