Gold prices surpass VND26.6 million per tael

After a slight recovery, the world’s gold prices have continued to increase by US$10/ounce, making the domestic price of gold rise correlatively and surpass the VND26.6 million/tael mark on February 27.

In the New York market on February 26, gold was up by US$10.4/ounce to US$1,118.9/ounce when investors became less worried about the debt in Greece. In response to optimistic information on the US Gross Domestic Product (GDP), the world’s gold prices reached a high level of US$1,120/ounce.

On February 27, gold was transacted at US$1,118.05/ounce in Asian market.

Backed by global gains, domestic gold businesses listed the price with an increase of VND10,000/tael against the previous day.

At 10am, Thang Long Dragon gold at Bao Tin Minh Chau Company stood at VND26.57-26.67 million/tael, rising by VND140,000/tael compared to closing time on February 26. Meanwhile, SJC gold in Hanoi increased at a lower rate, up VND110,000/tael to VND26.54-26.64 million/tael.

With increasing gold prices, the price of the US dollar in the free market was VND19,500 per US dollar the morning of February 27.

Tags: vietnam gold, Vietnam gold price

Posted by VBN on Feb 28 2010. 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