Gold in Vietnam nearly static on Jun 21, US dollar down

Domestic gold on June 21 early increased 50,000 dong per tael against the previous day afternoon and stayed at 38.1 million dong per tael because of the staganancy in global gold prices. The forex rate at banks continued going down in the two consecutive days to 20,700 dong/US dollar at selling price, the Thoi Bao Kinh Te Viet Nam newspaper reported.
At 10am, brand name gold bar was common at over 38 million dong and 38.1 million dong per tael (purchase-selling).

In Hanoi, SJC gold at Phu Quy Jewelry Co was bought at 38.02 million dong/tael and sold at 38.1 million dong while Bao Tin Minh Chau listed Rong Thang Long gold at 38 million and 38.09 million dong/tael, respectively.

In HCM City, SBJ gold was announced at 38.05-38.11 million dong/tael at Sacombank SBJ Co and SJC gold was offered at 38.05-38.12 million dong/tael.

Gold still continued the downward trend in Vietnam till the end of June 21.

Domestic market was very quiet with unclear sentiment and low trading volume, the newspaper said, despite the forecast that global gold could keep going up, adding that gap between local and global gold prices widened to 300,000 dong per tael.

A tael equals 1.2 troy ounces.

The U.S. dollar at Vietcombank, meanwhile, fell to around 20,600 dong (purchase) and 20,670 dong (selling) early this morning, down 50 dong and 80 dong against the previous session. Compared with last weekend, the bank’s US dollar was down 130 dong.

Interbank forex rate continued standing at 20,618 dong/US dollar steadily. – Vietbiz24

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