Gold sinks to below VND44 million

The price of gold in Vietnam fell by nearly VND2 million a tael (1.2 ounces) over last weekend on September 26 as global price nosedived due to heavy selling.

Sacombank Jewelry Company bought gold at VND42.71 million and sold at VND43.79 million at 1:20 pm local time.

Phu Nhuan Jewelry Company quoted the prices at VND42.8 million for buying, and VND43.55 million for selling at 1:31 pm local time.

Saigon Jewelry Company, the largest processor and gold trader in Vietnam, collected gold at around VND42 million and sold at VND42.8 million at 1:52 pm local time.

Hanoi-based Phu Quy Jewelry Company purchased SJC-brand gold at VND42 million and sold at VND43.5 million at the same time.

Domestically, gold fetched around VND3.5-3.7 million a tael higher than global price.

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Tags: vietnam gold, Vietnam gold market, Vietnam gold prices

Posted by VBN on Sep 26 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