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Gold prices hit all-time high

Update: July, 27/2020 - 12:02

 

Customers wait for gold at Bảo Tín Minh Châu Gold Firm in Hà Nội. The prices of gold hit their highest in the markets on July 27. — Photo courtesy of the firm

HÀ NỘI — Gold prices soared near VNĐ57 million (US$2,486) per tael (1.2 ounces) on the local market on first day of the week while the yellow metal also made its history in prices, hitting an all-time high.

On July 27, Saigon Gold and Jewelry Company listed each tael of SJC gold at VNĐ55.25 million for buying and VNĐ56.80 million for selling.

While Phú Quý Group rated its buying price at VNĐ55.20 million with a sales price of VNĐ56.70 million and Doji Group and Bảo Tín Minh Châu Gold Firm listed their buying and selling rates at VNĐ55.25 million and VNĐ56.65 million.

The prices of each tael of the yellow metal were up more than VNĐ1 million from last week's rate.

On the global gold exchange Kitco, the prices soared to another high at $1,931.7 ($2,327 per tael) on the gold exchange Kitco.

Kitco News mentioned though the prices made history, hitting an all-time high, analysts still looked for more increases. — VNS

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