According to Xinhua, the state radio and TV said in a broadcast that many bodies were found while clearing the debris.
The riot left over 9,600 people homeless out of a populations of 500,000 in Meikhtila.
However, the situation was calm after security was tightened since Friday.
Relief and rehabilitation work are underway in riot-hit areas and the victims have been accommodated at six relief camps.
The riot was sparked by a brawl between buyers and sellers over a bit of gold clip at a gold shop Wednesday.
According to official sources, 152 houses, one education office and 13 religious buildings were burnt while two motor vehicles and three motorcycles were destroyed.
On Friday, President U Thein Sein declared a state of emergency in four townships -- Meikhtila, Wandwin, Mahlaing and Thazi.