Local gold price slips 300,000 dong/tael

The local gold price today morning saw a strong fall of 280,000-290,000 dong/tael as the gold price in the world market declined sharply nearly $33 per ounce. The gold price for spot delivery according to Kitco also dropped $24 day on day.
Currently, the gold price in the domestic market is about 37.9 million/tael (selling price) and the buying price at 37.78-37.84 million dong/tael. Particularly, the gold price at Bao Tin Minh Chau slipped to below 37.9 million dong/tael.

This is the lowest level of the local gold price since June 17.

The gold price for spot delivery according to Kitco at 9:14 am (Vietnamese time) was about $1,521.6 per ounce, 100,000 dong/tael lower than the domestic gold price (according to the forex rate at ACB at 20,630 dong/US dollar). – Vietbiz24

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

Posted by VBN on Jun 27 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