Although there have been arrests related to manipulating gold prices, most gold shops in the Yangon Region are now open, according to sources.
Witnesses reported that the gold shops on Maha Bandula Road are regularly open and selling their products.
"All gold shops, including prominent ones, are open. Some usually close on Mondays, but there have been few customers. In the past, these prominent shops were crowded with customers," said a resident of Latha Township.
The announcement states that the government is prioritizing national stability and rule of law and has taken actions against those attempting to disrupt the country's economic development through manipulation of gold prices. The suspects disseminated fake gold prices via social media to influence the market.
The suspects included 21 individuals, who were engaged in illegal gold trading, attempting to destabilize gold prices in the domestic market. Relevant authorities were able to identify and arrest them.
The government is actively pursuing the arrest of ten key suspects, who have fled to avoid capture. These individuals are U Kyaw Nyein from Sein Kyaw Moe Gold Shop in Pabedan Township, U Myo Thu Win from Academy Gold Refinery in North Dagon Township, U Thet Naung Win from Kayan Thonegwa Gold Shop in Pabedan Township, U San Win from Zwe Htet Gold Shop in Latha Township, U Aung San Win from Aung Thamardi Gold Shop in Aungmyethazan Township, U Aung Kaung Myat from Weint Sein Gold Shop in Lanmadaw Township, U Aye Kyu from Shwe Zin Win Gold Refinery in Pabedan Township, broker U Kyaw Win (aka Panthi) from Mingalartaungnyunt Township, broker U Nyi Nyi Oo (aka Chat Gyi) from Thingangyun Township, and broker Daw Tin Tin (aka Sandra Tin) from Lanmadaw Township.
The announcement adds that the government intends to take effective legal action against the 21 arrested suspects involved in illegal gold trading and manipulation of gold prices. Efforts are ongoing to capture the ten fugitives and the public is urged to confidentially report any information about their whereabouts to the relevant security organizations.
