![](https://thadinn.com/wp-content/uploads/2024/02/78-5-1024x744.jpg)
MYANMAR- In the local gold market, one tical of gold has reached 39 million kyats, said a gold merchant from Yangon.
“The world gold price is also rising. The increase in local gold prices is due to the increasing US dollar market and the political situation. Due to the conscription laws, the economy is also very volatile. The market is not stable.
In the market, there is increasing demand. Although today is Saturday (holiday), there are a lot of purchases. The market price could be raised higher,” said a Yangon gold merchant.
In the world gold market, one ounce of gold opened today at 2035 US dollars and rose to the highest level until 2051. The current trading price is 2045 dollars.
As for the US dollar, there is a slight fluctuation in price between 3,610 kyats and 3,650 kyats per dollar, depending on supply and demand.