Aug 12: Vietnam Gold Plunges, Dollar Stable

Vietnam gold plunged today following suit of global gold plummet yesterday on rising equities. Dollar prices were stable.

As of 11:00 Hanoi time, Sacombank-SBJ gold was listed at VND44.66 million/tael and VND44.89 million/tael for bid and ask, respectively.

SJC in Hanoi was listed at VND44.55 million/tael and VND44.87 million/tael for bid and ask, respectively while SJC in the free market was quoted at VND44.5 million-VND44.85 million a tael for bid and ask respectively.

Gold prices were still moving in violence, trading range was wide, every day in the market is an adventure. But the trading was more active, some daytraders are making a killing, taking advantage of wild market swings that have scared off even strong-stomached investors, or bringing equally large losses. – Stoxplus.com

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Posted by VBN on Aug 12 2011. Filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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  • India gold prices declined by Rs 643 from the record levels
  • Gold prices fall 1 percent, silver was down 0.5 percent at $41.40 an ounce
  • Gold futures fall from record-level, Silver down on profit booking
  • Gold price heads to $2,000 on rush to safety
  • Silver prices declined to Rs 63,301 per kg in the futures trade today
  • Gold traders buy as prices fall over 2 per cent
  • Gold price in Vietnam sank to below VND47.6 million a tael on September 7
  • India gold prices declined by Rs 643 to Rs 27,326 per 10 grams

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