Gold in local market sinks on global decline

The price of gold in Vietnam sank to below VND47.6 million a tael (1.2 ounces) on September 7 due to depreciation pressure from global market. Gold was bought at VND47.48 million and sold at VND47.68 million at most gold shops in Ho Chi Minh City. Saigon Jewelry Company, the biggest gold shop in Vietnam, bought [...]

Gold market regulation debate begins

Gold fever may strike many countries, but maybe only the market gold in Vietnam experiences such dramatic changes as seen in the recent past. Who speculates, who manipulates? By the end of July, prior to the latest dose of gold fever, the gold market had been gloomy, with a director of a prestigious gold firm [...]

Vietnam gold price slips to 47.8m dong/tael early Sep 5

In the domestic market today morning September 5, the SJC gold price of Saigon Jewelry Co is quoted at 47.5-47.8 million dong/tael, down 300,000 dong/tael from last weekend. The SJC gold price of Phu Quy Co is listed at 47.45-47.85 million dong/tael, falling 450,000 dong/tael. The gold price of Bao Tin Minh Chau Co is [...]

Low buying demand sends gold to below VND48 million

The price of gold in Vietnam sharply retreated to below VND48 million a tael (1.2 ounces) on September 5 as buying demand weakened although global price slightly changed in the trading session this morning. Sacombank Jewelry Company bought the metal at VND47.51million and sold at VND47.79 million at 10:15 am local time. Saigon Jewelry Company, [...]

Gold sharply retreated to below VND48 million a tael

The price of gold in Vietnam sharply retreated to below VND48 million a tael (1.2 ounces) on September 5 as buying demand weakened although global price slightly changed in the trading session this morning. Sacombank Jewelry Company bought the metal at VND47.51million and sold at VND47.79 million at 10:15 am local time. Saigon Jewelry Company, [...]

Gold unexpectedly jumps over VND48 million

The price of gold in Vietnam sprang by VND1.5 million a tael (1.2 ounces) over the previous day on September 3 as global price jumped the second day on concerns that global economic growth is faltering. Saigon Jewelry Company, the biggest gold shop in Vietnam, bought gold at VND47.8 million and sold at VND48.1 million [...]

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