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Gold prices rise significantly before Tết

Update: February, 12/2018 - 15:35
Gold prices rise significantly in line with the global trend. — Photo
Viet Nam News

HÀ NỘI — The gold prices of two Vietnamese gold bars on Monday significant increased from VNĐ70,000 (US$3.07) to VNĐ110,000 per tael, in line with the global trend.

The prices at Sài Gòn Jewellery Holding Company (SJC) at 9am were trading at VNĐ36.9 million per tael (buying rate) and VNĐ37.14 million per tael (selling rate), up VNĐ110,000 per tael compared to the previous recorded rate.

SJC’s gold prices at Hà Nội’s DOJI Gold and Gemstone Group on Monday rose sharply, ranging from VNĐ36.92 million to VNĐ37.12 million per tael (buying and selling rates), up VNĐ70,000 per tael compared to the previous rates.

Last week, SJC’s gold price decreased for two consecutive sessions, with an adjustment of up to nearly VNĐ200,000 per tael.

Similarly, the price of Rồng Vàng Thăng Long gold on Monday’s morning session increased VNĐ100,000 per tael, with the purchase and sale price of this brand in the range of VNĐ36.92-VNĐ37.37 million per tael.

Currently, Rồng Vàng Thăng Long continues to be more expensive than SJC brand by some VNĐ230,000 per tael.

In the global market, gold price traded at some $1,325 per ounce, up $9 compared to the previous session and equivalent to VNĐ36.03 million per tael when converted in the domestic exchange rate.

This price of gold in the world is now lower than the domestic SJC gold by some VNĐ1.1 million per tael.

On Monday morning, the State Bank of Việt Nam announced the VNĐ/US$ exchange rate of VNĐ22,430 per US dollar on February 12, down 10 đồng per US dollar from the previous session. — VNS


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