Vietnam gold plunges to vnd44/tael threshold

Vietnam gold prices fell by VND0.2 million a tael to VND44 million/tale threshold today as world gold prices settled down at $1,668 in New York trade last night. Local dollar prices were adjusted up to the highest level in 5 months.

SJC gold was traded at VND43.75 million and VND44 million/tael for bid and ask respectively by 10:05 Hanoi time.

Sacombank-SBJ gold prices were listed at VND43.75 million/tael -VND44 million/tael for bid and ask, respectively.

Rong Thang Long gold, a product of Bao Tin Minh Chau company was trading at VND43.9 million/tael and VND44.15 million/tael for bid and ask, respectively.

Domestic gold premium eased to VND1 million/tael today, still 2.5 times higher than the SBV’s target of VND400,000/tael. – Stoxplus.com

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

Posted by VBN on Oct 14 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