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VietNamNews

Local gold price stays flat

Update: October, 17/2013 - 11:08
The State Bank of Viet Nam sold 14,500 of 15,000 taels of gold to 15 credit institutions at a cost of VND37.15-37.18 million (US$1,769-1,770) per tael at its 65th auction yesterday.—File Photo

HA NOI (VNS)— The State Bank of Viet Nam sold 14,500 of 15,000 taels of gold to 15 credit institutions at a cost of VND37.15-37.18 million (US$1,769-1,770) per tael at its 65th auction yesterday.

Gold prices did not change much from Tuesday when the Saigon Jewellery Company (SJC) posted a rate of VND37.13-37.23 million ($1,768-1,772) on its website at 3pm, while the kitco.com trading floor listed the price at $1,281.8 per ounce or $1,544 per tael, leaving prices in Viet Nam $228 per tael higher than global rates.


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