Myanmar · MMK · December 2022
Gold Price in Myanmar — December 2022
In December 2022, the gold price in Myanmar closed at approximately K3,808,339 per troy ounce, equivalent to K1,428,150 per tola or K122,441 per gram. This represents a +0.59% change on the month (K3,786,082 open → K3,808,339 close).
Open
K3,786,082
per troy ounce
Close
K3,808,339
per troy ounce
High
K3,828,915
per troy ounce
Low
K3,724,353
per troy ounce
All unit prices at December 2022 close — Myanmar
| Unit | Weight | Closing MMK price |
|---|---|---|
| Troy ounce | 31.1035 g | K3,808,339 |
| Gram | 1.0000 g | K122,441 |
| 10 grams | 10 g | K1,224,408 |
| Kilogram | 1,000 g | K122,440,842 |
| Tola | 11.664 g | K1,428,150 |
Karat-purity breakdown at December 2022 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KMYANMAR STD | K122,318 | K1,426,722 |
| 22K | K112,156 | K1,308,185 |
| 21K | K107,136 | K1,249,631 |
| 18K | K91,831 | K1,071,112 |
| 14K | K71,628 | K835,468 |
| 10K | K51,058 | K595,539 |
Daily gold price in MMK — December 2022
December 2022 gold market: Year ends with a quiet recovery
BullishA resilient flat year despite brutal rate hikes.
Gold firmed into year-end near $1,825, recovering most of its mid-year losses to finish 2022 roughly flat in dollar terms — a resilient result given the most aggressive Fed tightening in four decades. Record central-bank buying underpinned the recovery.
What drove gold in December 2022
- record central-bank gold purchases
- softening dollar
- Fed downshift to +50bp
- China reopening optimism
Key events in December 2022
- Dec 14Fed slows to a 50bp hike; gold holds firm
What happened next
Record official-sector buying set the stage for gold's run to new records in 2024.
For gold buyers in Myanmar
Finishing 2022 near flat despite brutal rate hikes was a quiet show of strength — and central banks, the year's biggest buyers, clearly agreed.
The 2022 gold market: Russia sanctions and a paradigm shift
Russia invaded Ukraine on February 24, 2022. G7/EU froze $300 billion of Russian central-bank reserves — the most consequential monetary event since 1971. Central-bank gold buying hit a record 1,082 tonnes (highest ever). Year close: $1,824 despite Fed's aggressive tightening.
Key drivers in 2022
Russia sanctions, central-bank reserve freezing, Fed hikes to 4.5%, gold's structural role redefined
2022 XAU/USD high
$2,070 (Mar)
2022 XAU/USD low
$1,621 (Sep)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Myanmar gold market
Myanmar retail gold prices are quoted in the local currency per gram for 24K and 22K purities, and per troy ounce for investment-grade bullion. Local rates usually sit above the international XAU/USD spot price after import duties, sales taxes, and jewellery making charges are applied. Use this archive as the international reference price; final retail rates depend on your dealer and the date's exchange rate.
Standard quote unit
gram
Common purity
24K
Currency
MMK (K)
Daily gold price — December 2022, Myanmar
K3,786,082
$1,803.20/oz
K3,747,449
$1,784.80/oz
K3,800,381
$1,810.01/oz
K3,730,652
$1,776.80/oz
K3,724,353
$1,773.80/oz
K3,741,990
$1,782.20/oz
K3,758,787
$1,790.20/oz
K3,771,385
$1,796.20/oz
K3,774,031
$1,797.46/oz
K3,751,228
$1,786.60/oz
K3,828,915
$1,823.60/oz
K3,796,371
$1,808.10/oz
K3,744,929
$1,783.60/oz
K3,763,826
$1,792.60/oz
K3,776,792
$1,798.78/oz
K3,760,047
$1,790.80/oz
K3,808,549
$1,813.90/oz
K3,816,317
$1,817.60/oz
K3,780,833
$1,800.70/oz
K3,780,833
$1,800.70/oz
K3,780,833
$1,800.70/oz
K3,780,833
$1,800.70/oz
K3,786,502
$1,803.40/oz
K3,808,339
$1,813.80/oz
K3,808,339
$1,813.80/oz
How Myanmar gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The MMK/USD exchange rate comes from exchangerate-api.com's 2022 year-end snapshot.
Conversion. Every MMK figure on this page is computed as XAU/USD price × MMK/USD rate. We use the year-end exchange rate consistently across all December 2022 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Myanmar, add the country-specific levies described in the “Myanmargold market” section above.
FAQ — Myanmar gold price in December 2022
What was the gold price in Myanmar in December 2022?
In December 2022, gold in Myanmar opened at K3,786,082/oz and closed at K3,808,339/oz — a move of +0.59% on the month. Per tola: ≈K1,428,150; per gram: ≈K122,441; per 10g: ≈K1,224,408.
What was the 24K gold rate per tola in Myanmar in December 2022?
The 24K gold rate per tola in Myanmar at the December 2022 close was approximately K1,428,150, derived from international XAU/USD spot of $1,813.80/oz times the 2022-end MMK/USD exchange rate of 2,099.6465. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Myanmar in December 2022?
Myanmar's most-quoted retail standard is 24K per gram. At the December 2022 close, that worked out to approximately K122,318 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
MMK prices on this page are computed from the verified international XAU/USD spot price for December 2022 (sourced from gold-api.com), multiplied by the 2022-end MMK/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The K figures here represent the international gold spot price converted to MMK at the 2022-end exchange rate. Myanmar's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Myanmar? See live gold prices in Myanmar with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2022 archive or the USD-only December 2022 page with the country-by-country list at the bottom.
Other markets? Compare December 2022 prices across other major gold-trading countries: Thailand, China, India, Bangladesh, Malaysia, Laos.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to MMK at the 2022-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Myanmar before transacting.