Aung Thamardi GoldThe Aung Thamardi Gold
var _abdm = _abdm |||| ;_abdm. push (["1512023572", "InPage", "1512024269", "InPage_1512024269"]); Gold could have been affected by the appreciation of the US currency this year, but showed evidence of survival last weekend, the locals said. Yangon -based Aung Thamardi Gold Shop sells gold at K701,500 a gold price tag (16.25 g or 0.576 ounces) on May 6, a modest increase on the Mt. K690,000 a gold price tag on May 6, said a spokesman of the corporation.
"In the last few weeks, the rate has risen slightly due to the volatility of the forex market," he said. In New York City, adidas saw a rise in adidas metals of $1,194 anoz last night, up about 2 per cent last weekend, roughly in line with the rise in domestic demand.
Some gold had fallen even further last year. Dealers say that the primary gold price determinants are the US dollar's relatively strong, with the two generally floating in inverse relation to each other. Taik Sein gold storekeeper U Zaw Aung said the price is now higher than in some places this year, which means he is getting an increment in the number of individuals who want to trade their jewelry for it.
Present Myanmar Gold Shop Price Quotes (13 Oct 2013)
Golden Shop (1) 1989th St, Bet 21 x 21nd St, Mandalay. Golden Shop (2) No 115, 82th St, Bet 28th x 25th St, Mandalay. The Gold Shop (3) No 55, 28th St (Lower Block), Yangon. Golden Shop (4) No. 177, 83th St, Bet 32nd x 32st St, Mandalay. His Gold Shop No. 473/475, Maharbandoola Street, Tel.: (01) 373154, (09) 5173983, (09) 73213072, Top Shine Gold trading No. 193/7, 29th Street, Between 83rd x 84th Street, Mandalay, Myanmar.
The gold price is rising by more than 20,000 Ks per table these coming week.
Gold's increasing value on the world markets has caused the value of Myanmar gold to rise by over 20,000 Ks perikal in the last ten trading hours, the gold traders said. Gold prices in Myanmar rose from 843,000 Ks per table on the 3rd to 867,000 Ks per table on the 13th.
"Gold prices in Myanmar have risen in reaction to the rise in gold prices on the world markets. There has been a slight fall in the cost of the US dollars. Myanmar gold has increased in value by Ks 865000 these days," said U Zaw Aung, the Taik Sein gold storekeeper.
World gold has risen from US$1,150 an ounce on the 3rd to US$1,203 an ounce. 3. "Usually gold fluctuates in January. Therefore, it is hard to assess the fair value nowadays. At the moment we cannot say the gold value on the Myanmar gold markets because the value of gold on the world markets and the US dollars have created instable prices," says U Maw Maw Maw, General Manager of Aung Thamardi Gold Store.
In Myanmar, the gold prize in 2016 was 900,500 Ks per table. Based on today's early trading day on the 13th, gold was 867,000 Ks in Myanmar and 15 carats of Myanmar gold was 808,000 Ks. Gold on the world markets was quoted at US$1,203 peroz.