In response to the global gold price rise, the yellow metal on Monday shot up to a new record high as Saigon Jewelry Co. (SJC), the country’s leading bullion trading house, set its sale price at VND39.9 million per tael. The new price represents a pickup of VND410,000 per tael, a local gold measurement unit that is equivalent to 1.2 troy ounces. All gold companies quoted the sale price at VND39.8... 

Local gold, after briefly hitting a record high of VND39.71 million per tael on Tuesday, declined by a hefty VND370,000 per tael to VND39.27 million for selling and VND39.2 million for buying on Wednesday. The local gold dip followed the global downtrend triggered by profit taking. The domestic market opened at VND39.35 million per tael, then hit the day’s highest of VND39.38 and finally ended at... 

The local gold price hit the record high of VND39.1 million per tael over the weekend in line with the global gold price that also reached its highest level on the last trading session last week. Saigon Jewelry Co. (SJC) on Saturday afternoon quoted its selling price at VND39.04 million per tael, rising VND100,000 per tael from the previous day. Meanwhile, Phu Nhuan Jewelry Co. quoted the selling... 

The price of gold in Vietnam climbed to VND37.63 million a tael (1.2 ounces) on May 9 as global price unexpectedly jumped in the trading session this morning in Asia. Sacombank Jewelry Company bought the metal at VND37.57 million and sold at VND37.61 million as of 9:40 am local time. Saigon Jewelry Company, the biggest gold shop in Vietnam, purchased gold at VND37.54 million and sold at VND37.62 million... 

Domestic gold price yesterday steadily hovered around VND38 million ($ 1,853) per tael, ignoring the zigzagging Comex world gold price. Shops in Hanoi and HCM City trading bullion branded by Saigon Jewellery, Sacombank, Bao Tin Minh Chau Jewellery, Agribank Jewellery and Phu Nhuan Jewellery, quoted buy/sell prices at VND37.90-38.10 million per tael yesterday, unchanged on close prices last week. (One... 

The price of gold in Vietnam hovered around VND37.6 million a tael (1.2 ounces) on April 29 although global price jumped to above $1,530 an ounce. Sacombank Jewelry Company bought the metal at VND37.56 million and sold at VND37.69 million as of 7:40 am local time. Saigon Jewelry Company, the biggest gold shop in Vietnam, purchased gold at VND37.55 million and sold at VND37.7 million at the same time. Meanwhile,... 

The gold prices in the domestic market on April 21 rose sharply to over VND37.7 million per tael while the world’s gold price also hit a record high of US$1,506.5 per ounce. At 10.30 am, the price of Thang Long Dragon gold at Bao Tin Minh Chau hovered around VND37.60-37.73 million per tael, up VND250,000 per tael. SJC gold was also traded at VND37.63-37.72 million per tael in Hanoi and at VND37.63-37.70... 

Conflicting information on attempted gold management policies is confusing people and preventing them from making investment decisions at the moment. The domestic gold market has been heating up since February 24, immediately after the government released Resolution No 11 stipulating measures to curb inflation and stabilize the macro economy, and new measures to be applied to the gold market. In the... 

With the government considering a ban on trading of gold bars, ornaments, especially rings, are now the safe haven of choice. Around 30 people are packed into a second-floor room of a major jewelry shop in Hanoi trying to buy 999 gold gold rings. The harried employees are unable to cope with the clamor. In the staircase, dozens more are trying to get into 20-meter room. Tien, one of the customers... 

HCMC – Vietnamese people are in a rush to purchase gold rings for fear the Government may ban the trading of gold bars that have long been traditionally kept as a safe-haven asset by the population. In a resolution adopted on February 24 to introduce measures for inflation control and macro economic stabilization, the Government mentions the possibility of doing away with gold bar trade which is...