Global gold prices reached two-week highs, but local gold prices
It reached the highest level in 6 months when the meeting of the US central bank was about to take place
The dollar weakened and gold prices hit two-week highs.
Today, the world gold price is $1,931.32 per ounce in two weeks
The price was the highest, and the US gold futures point rose to 1952.90 dollars.
As the value of the dollar fell back from the high price it reached last week, buyers of the world’s gold, which is priced against the dollar, became interested again and the price went up, he said.
Although the global gold price has gradually recovered, the domestic gold price fluctuates around 3500,000 kyats, and today it has fallen back below 3500,000 kyats.
As of this afternoon, the price of bark gold is around 3,540,000 to 3,550,000 kyats per kyat, which is down by 4.5 million kyats compared to the record high price of nearly 40,000 kyats that occurred last month.
However, the domestic gold market is only operating at around 3500,000 kyats, and since there has not been any significant price fluctuation, it can be said that the price is cold.