“The price of gold can be said to be around 16 lakh kyats. Because prices change. Because we can not say for sure. You can come and ask the shop if you want to know exactly, ”said a salesperson at Aung Samadhi Gold Shop in Rangoon.
The local gold market is open from May 8 to May 12. In the afternoon, the price of gold jumped to a record high of around 1690,000 kyats, jumping around 200,000 kyats. On May 13, the central bank began selling dollars through some money changers.
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