Yangon Gold Association sets reference gold price of Ks3.0883m per tical

Yangon Gold Association sets reference gold price of Ks3.0883m per tical
Published 25 October 2023

The Yangon Gold Entrepreneurs Association (YGEA) on October 24 set a reference gold price of 3,088,300 kyats per tical (16.3g).

On January 10, 2023, the YGEA set around Ks2,204,000 per tical, but the external market had a local gold price of around Ks2,790,000.

On February 28, the external market had a local gold price of around Ks2,841,000 per tical.

On January 24, 2023, the YGEA set around Ks2,285,500 per tical, but the external market had a local gold price of around Ks2,823,000.

On September 10, the price of pure gold began at around Ks3,110,000 per tical, and closed at Ks3,130,000.  A minimum price was Ks3,100,000 and a maximum around Ks3,130,000.

The record price of pure gold reached Ks2.6 million per tical on August 12; Ks2.7 million in the morning and Ks2.8 million in the afternoon on August 13 alone; and Ks3.67 million on August 31.