9 Sep
Yangon gold market has been temporarily closed down tracking the rising coronavirus cases starting from 5 September, Yangon Gold Entrepreneurs Association (YGEA).
The temporary shutdown by YGEA does not reflect on the gold retail shops in Yangon Region, said YGEA Chair U Myo Myint.
“The members of YGEA are still running the shops. More than 100 gold shops are available for trading in Theingyi market and Bogyoke market. The retail shops are still open their doors for the buyers and sellers,” he added. “The reopening of YGEA’s gold trading depends on the coronavirus situations,” the YGEA stated.
At present, YGEA temporarily suspended its trading. But, its office is open, and the association is carefully taking the precautionary measures of the coronavirus, in line with the health guidelines issued by the Ministry of Health and Sports.
The association donated K1 million for the prevention activities of Pabedan Township, where YGEA is located.
Additionally, they contributed K20 million in cash and personal protective equipment-PPE (100 aprons) to Yangon Region government.
There are over 10,000 gold shops in Yangon Region, and about 50 visses (a viss equal to 1.6 kg) of gold are daily traded.
During the first outbreak of COVID-19 in Myanmar, Yangon gold market shut down on 29 March 2020, and it has reopened on 18 May.
(Translated by Ei Myat Mon)
