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The world gold price is around $ 1843 and the local gold price has returned to 1625,000 kyats

On May 15, the world gold price was around $ 1,843, and the local gold price was back to 1,625,000 kyats, according to gold traders. The local gold price, which has been rising steadily since the central bank began selling dollars through some money changers, has returned to around 1625,000 lakh kyats. The local gold price jumped from around 200,000 kyats to around 1690,000 kyats between May 8 and noon on May 12. On May 13, the central bank began selling dollars through some money changers. The central bank sets the US dollar price at 1645 kyats per dollar through some money changers. 

At around 2 pm on May 14, 2021, the world gold price reached around 1,835 dollars and the price of Burmese gold returned to around 1625,000 lakh kyats. At around 2 pm on May 12, 2021, the world gold price rose to around 1,833 US dollars, and the local gold price jumped to around 200,000 kyats in five days, reaching a record high of around 1690,000 kyats. On May 11, 2021, the world gold price hit around $ 1,842, and the local gold price jumped around 100,000 kyats in four days, reaching a record high of around 1620,000 kyats. On May 10, 2021, the world gold price hit around $ 1,836, and the local gold price jumped over 60,000 kyats in three days to around 1580,000 kyats.

The lowest and highest monthly gold prices in the last six months were 1275,000-1335,500 kyats in August 2020; In September, it was 1298,000-1332,000 kyats. In October, it was 1307,500-1319,000 kyats. 12667700-1318,000 kyats in November; 1275,000-13333,000 kyats in December; In January 2021, it was 1316,500-13336,000 kyats. The lowest monthly and highest global gold prices were $ 1,549-1659 in February 2020; $ 1467-1673 in March; $ 1568-1729 in April; $ 1683-1748 in May; $ 1,680-1,779 in June; $ 1769-1975 in July; $ 1859-2075 in August; $ 1848-1975 in September; $ 1858-1933 in October; $ 1764-1966 in November; December 1776-1906 In January 2021, it was $ 1803-1958, with a gap of around $ 40 to over $ 200.

Source: Daily Eleven

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