Vietnam gold breaks down vnd45mln/tael threshold

Vietnam gold prices lost VND45 million a tael threshold this morning as world gold prices dropped nearly 2% in New York trade last night and local dollar price was adjusted up by VND10.

SJC gold was last traded at VND44.45 million and VND44.67 million/tael for bid and ask respectively by 14:00 Hanoi time.

Sacombank-SBJ gold was listed at VND44.36 million/tael -VND44.64 million/tael for bid and ask, respectively.

Rong Thang Long gold, a product of Bao Tin Minh Chau company was trading at VND44.4 million/tael and VND44.75 million/tael for bid and ask, respectively.

Domestic gold premium stood high at nearly VND4 million/tael again. This wide spread is believed to be a threat to forex stability. – Stxoplus.com

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

Posted by VBN on Oct 5 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