Local gold price falls

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SaigonTimes English - 37 month(s) ago 3 readings

HCMC – The price of gold shrank last Saturday after its slight increase the previous day as Saigon Jewelry Holding Co.(SJC) bought the yellow metal at VND44.65 million and sold it at VND44.95 million a tael, a VND450,000 slide from a day before.

Local gold price falls

By Thuy Linh - The Saigon Times Daily

HCMC – The price of gold shrank last Saturday after its slight increase the previous day as Saigon Jewelry Holding Co.(SJC) bought the yellow metal at VND44.65 million and sold it at VND44.95 million a tael, a VND450,000 slide from a day before.

Meanwhile, Bao Tin Minh Chau Jewelry Co. quoted gold at VND43.8 million and VND44.1 million a tael for buying and selling respectively. A tael equals 1.2 troy ounces.

A gold price drop made trading busier at the weekend. A gold teller in Hanoi’s Bao Tin Minh Chau jewelry shop said gold sales were higher than the amount bought.

The New York market settled the gold price at US$1725.4 an ounce, a loss of US$33.5 for the day when the session ended on Saturday, Hanoi time.

The interbank exchange rate on Saturday stayed at VND20,828 to a U.S. dollar. Bank for Foreign Trade of Vietnam, or Vietcombank, bought the dollar at VND20,906 and sold it at VND21,036.

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