Gold prices tumble to VND45 million/ tael in local market

Gold prices in Vietnam hovered around VND45 million per tael at 9.30.am on September 24, a sharp drop of more than VND1.3 million per tael compared to the previous day.

Gold was traded at VND45.20 – 45.75 million at Bao Tin Minh Cau Jewelry Company in Hanoi, and it was listed at VND45.20 million-VND45.62 million at the Saigon Jewelry Company (SJC) in both Hanoi and in Ho Chi Minh City.

Domestic gold prices were VND3.7 million higher than the price on the world market.

The fall of domestic gold prices was due to a decrease in the world price. In the US, gold stood at $1.643 per ounce on September 23, a drop of $100 per ounce. – VIR

Posted by VBN on Sep 24 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