Foreign gold market Dollar prices gradually
The external gold price and the dollar price, which stood at a high level last August
Now, according to market reports, it is coming back down in September
The price of bark gold, which was around 39-40 million kyats per one kyat last month, has gradually fallen this month and is now below 35 million kyats per kyat.
So today, September 22, at the highest price. Compared to the current price of 35,000,000 kyats, the price of gold has decreased by 4,500,000 kyats.
The drop in the domestic gold price is due to the drop in the dollar price, according to those who are trading gold. In the foreign exchange market, the dollar price in the foreign exchange market was around 4,000 kyats per dollar in the previous month, and now it has fallen back to about 3,400 kyats.
This gold price, Although the dollar price has come back down, the prices of goods that are important to the public have not fallen back and are still high.