Myanmar · MMK · April 2023
Gold Price in Myanmar — April 2023
In April 2023, the gold price in Myanmar closed at approximately K4,161,372 per troy ounce, equivalent to K1,560,540 per tola or K133,791 per gram. This represents a +0.32% change on the month (K4,148,304 open → K4,161,372 close).
Open
K4,148,304
per troy ounce
Close
K4,161,372
per troy ounce
High
K4,249,389
per troy ounce
Low
K4,094,224
per troy ounce
All unit prices at April 2023 close — Myanmar
| Unit | Weight | Closing MMK price |
|---|---|---|
| Troy ounce | 31.1035 g | K4,161,372 |
| Gram | 1.0000 g | K133,791 |
| 10 grams | 10 g | K1,337,911 |
| Kilogram | 1,000 g | K133,791,128 |
| Tola | 11.664 g | K1,560,540 |
Karat-purity breakdown at April 2023 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KMYANMAR STD | K133,657 | K1,558,979 |
| 22K | K122,553 | K1,429,454 |
| 21K | K117,067 | K1,365,472 |
| 18K | K100,343 | K1,170,405 |
| 14K | K78,268 | K912,916 |
| 10K | K55,791 | K650,745 |
Daily gold price in MMK — April 2023
April 2023 gold market: Gold consolidates above $1,950
Range-boundA firm hold near $2,000 after the March surge.
Gold held firm above $1,950 in April, briefly trading over $2,000, as the banking aftermath kept safe-haven demand alive and the dollar stayed soft. The metal consolidated its sharp March gains rather than extending them.
What drove gold in April 2023
- lingering banking-sector stress
- soft US dollar
- steady central-bank demand
- rate-cut expectations
Key events in April 2023
- Apr 13Gold trades above $2,000 intraday before easing
What happened next
Gold made a fuller run at its record in early May amid debt-ceiling brinkmanship.
For gold buyers in Myanmar
April's steadiness near $2,000 showed the March rally had staying power, not just a panic spike.
The 2023 gold market: Banking crisis and another record CB buy year
Silicon Valley Bank failed in March 2023, followed by Credit Suisse rescue. Gold rallied to $2,072 in May, then traded $1,820–$2,090 through year-end. Central banks bought another 1,037 tonnes — second-highest ever. Year close: $2,062.
Key drivers in 2023
Regional banking crisis, Credit Suisse failure, central-bank buying continues, persistent inflation
2023 XAU/USD high
$2,135 (Dec)
2023 XAU/USD low
$1,810 (Feb)
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 — April 2023, Myanmar
K4,148,304
$1,999.77/oz
K4,129,167
$1,990.55/oz
K4,114,138
$1,983.30/oz
K4,168,695
$2,009.60/oz
K4,212,879
$2,030.90/oz
K4,152,722
$2,001.90/oz
K4,152,722
$2,001.90/oz
K4,165,086
$2,007.86/oz
K4,152,722
$2,001.90/oz
K4,154,382
$2,002.70/oz
K4,165,791
$2,008.20/oz
K4,249,389
$2,048.50/oz
K4,189,024
$2,019.40/oz
K4,180,052
$2,015.08/oz
K4,139,653
$1,995.60/oz
K4,147,536
$1,999.40/oz
K4,129,282
$1,990.60/oz
K4,163,716
$2,007.20/oz
K4,094,224
$1,973.70/oz
K4,129,790
$1,990.85/oz
K4,103,559
$1,978.20/oz
K4,122,643
$1,987.40/oz
K4,155,004
$2,003.00/oz
K4,119,117
$1,985.70/oz
K4,112,686
$1,982.60/oz
K4,161,372
$2,006.07/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 2023 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 April 2023 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 April 2023
What was the gold price in Myanmar in April 2023?
In April 2023, gold in Myanmar opened at K4,148,304/oz and closed at K4,161,372/oz — a move of +0.32% on the month. Per tola: ≈K1,560,540; per gram: ≈K133,791; per 10g: ≈K1,337,911.
What was the 24K gold rate per tola in Myanmar in April 2023?
The 24K gold rate per tola in Myanmar at the April 2023 close was approximately K1,560,540, derived from international XAU/USD spot of $2,006.07/oz times the 2023-end MMK/USD exchange rate of 2,074.3904. 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 April 2023?
Myanmar's most-quoted retail standard is 24K per gram. At the April 2023 close, that worked out to approximately K133,657 (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 April 2023 (sourced from gold-api.com), multiplied by the 2023-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 2023-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 2023 archive or the USD-only April 2023 page with the country-by-country list at the bottom.
Other markets? Compare April 2023 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 2023-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.