Vietnam gold price increases 150,000 to 44.4m dong/tael Oct 3

The gap between local and global gold price is still over three million dong per tael.
At 8:45 am local time, the domestic gold price increased 100,000-150,000 dong/tael from last weekend to trade around 44.4 million dong per tael.
The SJC gold price is being traded at 44.2-44.42 million dong/tael, up 150,000 dong/tael from last weekend.
The difference between buying and selling price has been narrowed to 220,000-480,000 dong/tael, lower than 420,000-980,000 dong per tael in previous week.
Currently, the spot gold price in the world market on Kitco floor reaches $1,632.7 per ounce, up $8 per ounce from the previous session.
According to the forex rate at Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB) today October 3, the global gold price is still lower than the local counterpart by 3.2 million dong per tael. – Source:Vietbiz24.com

Tags: local and global gold price, vietnam gold, Vietnam gold price

Posted by quynhdn on Oct 3 2011. Filed under Gold, Markets. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry