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Gold recedes close to nine-month low
Price of gold in Vietnam slumped by VND500,000 a tael (1.2 ounces) over the previous day to a nine-month low on May 15 after global price fell by more than 1.5 per cent at the trading session in New York last night.
Saigon Jewellery Company, Vietnam’s biggest gold processer and trader, bought the metal at VND41.09 million and sold at VND41.24 million as of 10.50am Vietnamese time.
Hanoi-based Phu...
Bullion rebounds to VND40 million
The price of gold in Vietnam returned to VND40 million a tael (1.2 ounces) on August 2 as global price hovered around $1,620 an ounce on concern over a possible downgrade of the US credit rating.
Most gold shops bought the metal at VND39.9 million and sold at nearly VND40 million a tael as of 9 am local time, an increase of VND80,000-100,000 a tael over the previous trading session.
Sacombank Jewelry...
Gold sharply falls as US policymakers approve debt limit raise
The price of gold in Vietnam sank by VND200,000 a tael (1.2 ounces) on August 1 as global price tumbled after the US government reached an agreement to raise its debt limit before a deadline on August 2.
Saigon Jewelry Company bought the metal at VND39.87 million and sold at VND39.94 million as of 9 am local time. Hanoi-based Phu Quy Jewelry purchased SJC-brand gold at VND39.84 million and sold at...
Asia stocks mixed on US impasses, EU bank tests
Asian stocks were mixed Monday as news that fewer than expected European banks failed stress tests was tempered by fears US lawmakers will not agree a budget that will help avoid a catastrophic default.
Hong Kong gained 0.66 per cent and Seoul fell 0.56 per cent while Sydney, Shanghai and Taipei were all flat.
Tokyo was closed for a public holiday.
The European Banking Authority said on Friday that...
Gold fluctuates around VND39 million
The price of gold in Vietnam hovered around VND39 million a tael (1.2 ounces) on July 15 as global price rose to record for the second day.
Sacombank Jewelry Company bought the metal at VND38.89 million and sold at VND39.01 million as of 9 am local time.
Saigon Jewelry Company purchased gold at VND38.92 million and sold at VND38.98 million at the same time.
Hanoi-based Phu Quy Jewelry Company bought...
Gold tops new high
The price of gold in Vietnam jumped to above VND39 million a tael (1.2 ounces), an all-time high, on July 14 as global price continuously advanced to head for $1,600 an ounce.
Sacombank Jewelry Company purchased gold at VND39 million and sold at VND39.06 million as of 9:15 am local time.
Saigon Jewelry Company bought the metal at just above VND39 million and sold at VND39.07 million at the same time,...
Vietnam’s gold hits lifetime high on surging global price
Gold rose to a record high in Vietnam on Wednesday as the precious metal on international markets was within sight of historic highs on concerns over the Europe’s sovereign-debt crisis.
Saigon Jewelry Holding Company, Vietnam’s largest gold merchant, announced that gold was sold for VND38.65 million ($1,933) per tael in Ho Chi Minh City and VND38.67 million in Hanoi, an increase of around...
Gold reaches VND38.3 million
The price of gold in Vietnam surged to nearly VND38.3 million a tael (1.2 ounces) on July 12 as concerns that Italy will be the next country to face sovereign-debt crisis boosted global price to climb for seven consecutive trading sessions to the highest level in two months.
Sacombank Jewelry Company purchased gold at VND38.16 million and sold at VND38.29 million as of 8 am local time, an increase...
Gold exceeds VND38 million
The price of gold in Vietnam jumped over VND38 million a tael (1.2 ounces) on July 11 although global price started week with a slight correction in the trading session in Asia.
Saigon Jewelry Company bought the metal at VND37.99 million and sold at VND38.05 million as of 10 am local time, an increase of VND70,000 over last weekend.
Sacombank Jewelry Company purchased gold at VND37.94 million and...
Gold unexpectedly sinks
The price of gold in Vietnam dropped by VND100,000 a tael (1.2 ounces) on July 1 as global price continuously declined due to weak buying demand.
Most gold shops bought the metal at VND37.6 million and sold at nearly VND37.7 million. Yesterday, the metal stood above VND37.8 million.
Sacombank Jewelry Company bought gold at VND37.65 million and sold at VND37.69 million as of 10 am local time.
Saigon...
