Stable market price: Efforts making to control the gold price

The current gold price is around 29 lakhs per tical.Currently, the gold price is stable. It is linked to the world gold price, so if the world gold price goes up, the Myanmar gold price also goes up a little bit.

If the price of gold goes up, trading is cold. At these days, there are more sellers more than fewer buyers. The price of gold traded in the market is based on the dollar exchange rate.

If the dollar goes up, gold goes up. If it happened rumors and border crossing, all gold traders temporary closed the transaction for a day or two. The main thing is to control the gold price.The association are working to get raw materials from the gold mine, said U Myo Myint, Chairman of the Yangon region gold entrepreneurs association.