Domestic gold prices hit nine-month high

VOV.VN - Local gold prices continued to climb on May 8 as they passed historic highs over the past nine months to reach over VND56 million per tael.

Phu Quy Group therefore listed each tael of SJC gold at between VND55.75 million and VND56.2 million for buying and selling, adding an additional VND170,000 for buying and VND380,000 for selling from the previous day.

Elsewhere, Doji Group priced goal at between VND55.6 million and VND55.95 million per tael for buying and selling, marking an increase of VND200,000 per tael in terms of buying and a drop of VND250,000 per tael in relation to selling.

The recent fluctuations recorded within the domestic gold market can largely be attributed to the impact of the global gold market which has caused prices to rise by US$18 per ounce, thereby reaching US$1,831 per ounce during the opening session on May 8.

In terms of the local forex market, the State Bank of Vietnam listed US$ prices at VND23,179 per dollar on May 8, representing no change in comparison to the previous transaction.

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