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Banks stop selling gold under price stabilization program

Some banks that are allowed to sell gold under the price stabilization program refused to sell gold to people with reason of depletion of gold, the local newspaper Saigon Dau Tu cited many customers as saying. Explaining the suspension of selling gold bars of banks, a leader of a joint stock bank said gold prices [...]

Vietnam Gold market stabilization program fails

The State Bank of Vietnam has applied a series of measures to stabilize the gold prices. However, to date, the domestic price is still higher by 3 million dong per tael than the world’s price. In the eyes of the State Bank of Vietnam, with such a big gap between the domestic and international prices, [...]

Vietnam Gold Up to VND43.77Mln/Tael on Tuesday

Vietnam gold rose VND0.42 million a tael from yesterday close to VND43.77 million a tael on Tuesday morning despite the world gold prices eased last night in New York. SJC Hanoi quoted at VND43.35million/tael for bid and VND43.77 million/tael for ask, respectively as of 8:22 am, Hanoi time. SJC Ho Chi Minh listed at VND43.35-43.75 [...]

Vietnam Gold Surges To VND43.97Mln/Tael

Vietnam gold rose VND0.92 million a tael from yesterday close to VND43.97 million a tael on Monday morning following the world gold prices. SJC Hanoi quoted at VND43.55million/tael for bid and VND43.97 million/tael for ask, respectively as of 10:09 am, Hanoi time. SJC Ho Chi Minh listed at VND43.55-43.95 million/tael for bid and ask, respectively. [...]

Vietnam Gold Rises To VND43.52Mln/Tael

Vietnam gold rose VND0.47 million a tael from yesterday close to VND43.52 million a tael on Friday morning, despite the world gold prices fell for a fourth straight day. SJC Hanoi quoted at VND43.10million/tael for bid and VND43.52 million/tael for ask, respectively as of 9:51 am, Hanoi time. SJC Ho Chi Minh listed at VND43.10-43.50million/tael [...]

Vietnam Gold Falls to VND44.07Mln/Tael on Tuesday

Vietnam gold lost VND0.28 million/tael from yesterday close to VND44.07 a tael on Tuesday morning following suit of world gold plunge in New York last night. SJC Hanoi quoted at VND43.80million/tael for bid and VND44.07 million/tael for bid and ask, respectively as of 9:38 am, Hanoi time. SJC in the free market was listed at [...]

Depreciation pressure stalks bullion price

Price of gold in Vietnam and global prices both declined slightly on December 12 as investors felt insecure about the European sovereign-debt crisis. Sacombank Jewelry Company bought gold at VND44.5 million and sold at VND44.75 million as of 10:45am Vietnamese time. Saigon Jewelry Company, the biggest gold processing and trading company in Vietnam, collected gold [...]

Vietnam Gold Edges Up to VND44.91Mln/Tael

Vietnam gold rose VND0.34 million/tael from yesterday close to VND44.91 a tael on Monday morning. Gold gained in New York Friday night and was traded steady this morning in Asia. SJC Hanoi quoted at VND44.69million/tael for bid and VND44.91 million/tael for bid and ask, respectively as of 9:28 am, Hanoi time. SJC in the free [...]

Gold falls VND300,000 per tael

The price of gold in Vietnam dropped by VND300,000 a tael (1.2 ounces) over the previous day on December 9 as global price tumbled more than 2 percent after European Central Bank did not announce a plan to intensify its bond buying support for the bloc. Sacombank Jewelry Company bought gold at VND44.58 million and [...]

Dec 9: vietnam gold falls to vnd44.85mln/tael, dollar stable

Vietnam gold slightly fell in Friday morning to VND44.85 million/tael. Gold lost in New York trade last night but edged up this morning in Asia.Local dollar prices were kept at VND20,803 for 6 weeks. SJC Hanoi quoted at VND44.58million/tael for bid and VND44.85 million/tael for bid and ask, respectively as of 9:30, Hanoi time. SJC [...]

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