Domestic gold prices rise slightly after Fed’s rate hike
The domestic gold market did not show much fluctuations on June 15 after the Fed raised its prime rates, with gold prices moving around the mark 36 million VND a tael (37.5 grammes).
Hanoi (VNA) –The domestic gold market did not show muchfluctuations on June 15 after the Fed raised its prime rates, with gold pricesmoving around the mark 36 million VND (1,586.5 USD) a tael (37.5 grammes).
At 9am, major gold trader Doji group listed the buying price for SJC 24kgold bars at 36.34 million VND a taeland the selling price at 36.42 million VND a tael, up 50,000 VND (2.2 USD) atael compared to late June 14.
At the same time, the prices for SJC gold bars at Bao Tin-Minh ChauCompany were 36.35 million VND (buying) and 36.41 million VND (selling) pertael, both up 20,000 VND (0.88 USD) from the closing prices on the previousday.
Meanwhile, gold prices on the New York market dropped after the Fed’smove on June 14 while the greenback gained compared to other key currencies.
Also at 9am on June 15 (Hanoi time), the world gold price was at 1,265.6USD per ounce.
At the June 15 exchange rate of Vietcombank, the domestic price for onetael of gold is 2.5 million VND (around 110.17 USD) higher than the worldprice, excluding tax and other fees.-VNA
Gold price witnessed a gradual decrease following an initial high during the session of February 6, eventually becoming constant at 37 million VND (1,666 USD) per tael (1.2 oz).
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Illustrative photo (Source: doji.vn) 
