Myanmar gold price surpasses 5.2 million kyat, setting new record.

Along with the depreciation of the Kyat, the price of gold has continuously risen, increasing by over 48% compared to the previous year. The global gold price is also above $2,300.

In Myanmar, due to the depreciation of the Kyat, more people are buying gold as a means of storing value, and merchants say the price of gold is likely to continue rising.