Vietnam gold price slips to below 44.3m dong/tael

At 9:25 am local time today Tuesday October 18, the local gold price slipped about 100,000 dong from late yesterday to below 44.3 million dong a tael (1.2 oz).
Accordingly, the SJC gold price in Hanoi was traded at 44.05-44.27 million dong/tael (buying-selling price), down 100,000 dong per tael. In HCM City, the SJC gold price was sold at 44.25 million dong/tael.

The Rong Thang Long gold price of Bao Tin Minh Chau also dropped 60,000 dong to 44.15-44.4 million dong per tael (buying-selling prices).

The SBJ-Sacombank gold price was traded at 44.11-44.29 million dong/tael (buying-selling), down 50,000 dong per tael.

In comparison with last weekend, the domestic gold price slipped slightly by 20,000 dong per tael.

At 9:30 am local time, the spot gold price on Kitco floor was at $1,670.1 per ounce. According to the forex rate at Vietnam Commercial Joint Stock Bank (Vietcombank-VCB), the local gold price is higher than the global counterpart by 2.1 million dong per tael.

Closing the session yesterday October 17, the world gold price for December delivery on Comex floor, New York decreased 0.4 percent to $1,676.6 per ounce. – Source: Vietbiz24.com

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

Posted by VBN on Oct 19 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