Gold prices ped VND110,000 (US$4.9) from the beginning of this week
in the local market, while the global gold prices fell to their lowest
level since 2010 on November 13.
The gold buying price fell further in the local market on July 20. Sai
Gon Jewellery JSC bought one tael, or 1.205 ounces, of the state-owned
SJC''s gold for VND32.6 million (US$1,493), which was a of
VND400,000 ($18.3) from two days ago.
Gold prices fell further in the Vietnamese market on Monday, with one
tael, or 1.205 ounces, of state-owned SJC gold selling for VND34 million
(US$1,557.1)
Gold prices fell to their lowest level in the last five years in Viet Nam on June 25. The price of one tael or 1.205 ounces of the state-owned SJC gold was VND34.44 million (US$1,579).
On November 13 morning, most banks increased their dollar exchange rate
by VND5 to VND15 (0.02 pence to 0.07 pence) higher than on November 12,
reported business news website Gafin.
Gold prices continued to fall in the global market, but in Viet Nam,
gold prices climbed to escape a 10-month low that apparently ended on
November 10.
Domestic gold prices increased for the fourth straight day and
followed world market trends on October 9, posting an increase of
VND30,000 (US$1.4) per tael.
In July 2013, the Tien Phong Commercial Joint Stock Bank (TPBank) opened
its first-ever online gold trading (eGold) service to meet the demand
from local gold investors.