After declining to sell 20 tael of gold at VND60 million (US$2,596) each on August 7, investor Do Thu Hang now calculates she lost VND250 million because of that decision.
Local gold prices ped sharply after the weekend. At 10am on August 10, the prices were rated down nearly VND1 million ($43) from an hour before at VND59 million (US$2,540) per tael.
Gold prices soared near VND57 million (US$2,486) per tael (1.2 ounces) on the local market on first day of the week while the yellow metal also made its history in prices, hitting an all-time high.
On Tuesday, Saigon Gold and Jewelry Company listed each tael of SJC gold at VND50.82 million for buying and VNĐ51.20 million for selling, both up VND300,000 sides from a day before.
DOJI Gold & Gems Group JSC (DOJI) announced it has sold more than 6.5 million shares of Bamboo Capital JSC, and is no longer a major shareholder of the company.
Experts say the new mechanism for exchange rate introduced by the State
Bank of Viet Nam (SBV) has d flexibility, enabling both credit
institutions and enterprises to exercise greater control over their
business operations.
Doji Gold and Gems Group has become the first Vietnamese enterprise to
receive a licence from the Government to measure gold content in
jewellery traded in the domestic market.