MANDALAY DIVISION: As the prices of the gold have been increasing, 12 gold traders are being investigated by the junta’s council, as said by the gold trader’s community.
The Special Investigation Department under the junta’s administration abducted them to investigate on June 15.
Among the gold traders who were investigated by the junta’s council, there are also the owners of the famous gold shops.
After the gold traders have been investigated, one tical (16.33 grams) of gold will be sold with the price of three million and fifty thousand Myanmar kyats (3,050,000) on June 16, as announced by Mandalay Gold Entrepreneurs Association.
Since the coup, the price of dollars and gold have been increasing as the value of Myanmar Kyats dropped.
The junta’s council have pressured the traders and merchants to control the increasing price of dollars and gold.