The Federation of Myanmar Gold Entrepreneurs Association (FMGEA) stated that gold shops need to switch to a digital scale measurement system with 16.329325 grammes per tical of pure gold. Failing to do so is subject to strict action.
Gold Market Steering sub-committee members instructed Aung Satt Kyar Digital Scale and bill counter distribution (panda company), Shinpo digital gold scale trading (Pyae Sone Hein Group of Companies), Centra Digital Scale Trading (AD Mya Pan Wah Company) to comply with the rules during a meeting held at the Meeting Hall of the No 2 Mining Enterprise of the Ministry of Natural Resources and Environmental Conservation on 3 July 2025.
Additionally, authorities will conduct inspections in each township soon. Therefore, gold traders are encouraged to buy scales from the companies recognized by the FMGEA.
At present, gold shops make transactions with a measurement of 16.329325 grammes per tical of pure gold.
The Mineral (Gold) Reference Price Determination Committee set the pure gold reference prices at K5.89 million per tical (16.329325 grammes) with 19.25 grammes of the density of gold at present.
On 12 June, the Yangon Region Gold Entrepreneurs Association also requested owners of gold shops to strictly adhere to the instructions. Otherwise, they will face legal actions upon non-compliance during inspections.
YGEA also asked gold refineries, shops and online traders to seek mandatory gold trading licences.
Gold shops are compulsory to obtain a mineral (gold) trading licence, a business licence granted by the respective municipal office, a precious gold trading registration and the relevant business licence for gold refineries, traders or gold transaction service providers. Licences can be sought through www.ecommerce.gov.mm.
Gold trading online, gold sales through the tally system and lottery system are prohibited. Gold shops are notified to seek licences and stick to the reference prices to stabilize gold prices.
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