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.
The prices of the yellow metal kept soaring in the local market on July 9, reaching VND50.55 million (US$2,195) per tael (1.2 ounces). The prices also went up in the global market.
Domestic gold price soared to surpass VND49 million (US$2,100) each tael (1.2 ounce) this morning when the global prices of the yellow metal climbed to its multi-year high.