Local gold price lost one million dong/tael from last weekend

In the first two days of this week, the local gold price lost one million dong/tael from last weekend. The gold price in the world market also slipped over $30 per ounce thanks to the US economy showing signs of recovery.

At 8:30 am local time today Tuesday August 30, the domestic gold price decreased 200,000-400,000 dong/tael from late yesterday.

The selling price of gold bullion of many enterprises such as Saigon Jewellery CO (SJC) and SBJ-Sacombank is at 46.8 million dong/tael and the buying price at 46.2-46.5 million dong/tael.

The gap between buying and selling price is at 320,000-570,000 dong/tael.

In comparison with the same time in yesterday morning, the local gold price decreased 600,000 dong/tael and dropped one million dong per tael from last weekend.

The spot gold price in the world market on Kitco floor is at $1,800 per ounce after falling to $1,775 per ounce, down over $30 per ounce from last weekend thanks to the US economy has showed signs of recovery.

The local gold price is currently higher than the global gold price by 1.6 million dong/tael according to the forex rate.

Posted by VBN on Aug 30 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