Gold sold online from at least 1 yway to 1 tical

Gold has been sold from at least 1 yway to 1 tical, said Yangon Region Gold Entrepreneurs Association (YGEA) chair U Myo Myint.

“Gold online trading gets started at UAB Bank and Shwegonedine gold shop, at least from 1 yway-10 yway to 1 tical, and would raise later, like from 1 tical to 10 tical or 2 pieces or 3 pieces. It is also in compliance with the requirement that a transaction exceeding K20 million must be made through a bank only,” he said.

Those who want to invest gold from yway can contact YGEA, Federation of Myanmar Gold Entrepreneurs Association about official purchasing methods and official shops they can buy.

Through banks, trading gold online is safe, there are no difficulties and there is no need to carry gold or cash bags, said U Myo Myint.

“Carrying gold and cash is insecure under current situation so working through banks is safe,” he said.

According to YGEA’s announcement issued at 12:30pm on 17 January, gold price per tical is K3,630,600 and according to 16 January announcement at 12:30pm, premium gold price was K 3,680,900 per tical. The sale has been low since December.



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