The gold prices of two Vietnamese gold bars on February 12 saw significant increases of from 70,000 VND (3.07 USD) to 110,000 VND per tael, in line with the global trend.
Gold prices rise significantly in line with the global trend (Photo: phapluatplus.vn)
Hanoi (VNA) - The gold prices of two Vietnamesegold bars on February 12 saw significant increases of from 70,000 VND (3.07 USD)to 110,000 VND per tael, in line with the global trend.
The prices at Sai Gon Jewellery Holding Company (SJC) at 9amwere trading at 36.9 million VND per tael (buying rate) and 37.14 million VNDper tael (selling rate), up 110,000 VND per tael compared to the previousrecorded rate.
SJC’s gold prices at Hanoi’sDOJI Gold and Gemstone Group on February 12 rose sharply, rangingfrom 36.92 million VND to 37.12 million VND per tael (buying and sellingrates), up 70,000 VND per tael compared to the previous rates.
Last week, SJC’s gold price decreased for two consecutivesessions, with an adjustment of up to nearly 200,000 VND per tael.
Similarly, the price of Rong Vang Thang Long gold on February 12morning session increased 100,000 VND per tael, with the purchase and saleprice of this brand in the range of 36.92-37.37 million VND per tael.
Currently, Rong Vang Thang Long continues to be more expensivethan SJC brand by some 230,000 VND per tael.
In the global market, gold price traded at some 1,325 USD perounce, up 9 USD compared to the previous session and equivalent to 36.03million VND per tael when converted in the domestic exchange rate.
This price of gold in the world is now lower than the domesticSJC gold by some 1.1 million VND per tael.-VNA
Gold prices slumped in the Vietnamese market on September 12 morning. On the Hanoi market, selling price of one tael, or 1.205 ounces, of State-owned SJC’s gold declined by 190,000 VND (8.3 USD) to 36.75 million USD.
Transactions in the domestic gold bar market dropped sharply as many gold holders selling their precious metal for VND to reinvest in business, production and consumption.
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Gold prices rise significantly in line with the global trend (Photo: phapluatplus.vn)
