Domestic gold price falls to three-month low

Friday, Sep 12, 2014 15:47

SJC gold price falls to three-month low. – VNA/VNS Photo

HA NOI (Biz Hub) – Domestic gold prices followed the downward trend in the world market and dropped by VND330,000 (US$15.7) per tael from early this week toVND36.02 million ($1,715) per tael.

This is the fifth gold price decrease this week and the lowest in the last three months.

Early this morning, Sai Gon Jewellery Company (SJC) in HCM City listed a selling price of VND36.02 million per tael and a buying price of VND35.90 million per tael for gold.

In the capital city, DOJI, Techcombank, Vietinbank Gold and Sacombank traded SJC bullion at a lower price of around VND35.90-35.98 million per tael.

On Friday morning, the world market price of gold dropped by $4 per ounce compared with that of the previous session and now stands at $1,236 per ounce.

Based on Vietcombank exchange rates, the world price of gold is VND31.65 million per tael, VND4.12 million ($196) lower than domestic price. – VNS

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