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Domestic gold price falls to three-month low

Update: September, 13/2014 - 09:10

HA NOI (VNS)  – Domestic gold prices followed the downward trend in the world market and dropped by VND330,000 (US$15.7) per tael from early this week toVND36.02 million ($1,715) per tael.

This is the fifth gold price decrease this week and the lowest in the last three months.

Early this morning, Saigon Jewellery Company (SJC) in HCM City listed a selling price of VND36.02 million per tael and a buying price of VND35.90 million per tael for gold.

In the capital city, DOJI, Techcombank, Vietinbank Gold and Sacombank traded SJC bullion at a lower price of around VND35.90-35.98 million per tael.

Yesterday morning, the world market price of gold dropped by $4 per ounce compared with that of the previous session and now stands at $1,236 per ounce.

Based on Vietcombank exchange rates, the world price of gold is VND31.65 million per tael, VND4.12 million ($196) lower than domestic price. — VNS

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