Gold prices dominate last week

The domestic gold price jumped from VND40 million per tael to VND45 million per tael early this week, reaching peak of VND46.3 million/tael.

To cope with the sudden increases, the State Bank of Vietnam (SBV) officially announced it would allow theimport of five tonnes of gold, which eased the “hot” markets in Hanoi and Ho Chi Minh City.

The SBV warned people to be cautious about buying gold to avoid unanticipated losses.

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Posted by VBN on Aug 15 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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