Domestic gold prices reach one-year high
VOV.VN - Local gold prices continued to climb on November 8, with the figure even passing historical highs seen over the past year to reach more than VND59 million per tael.
Throughout the morning trading session, buying and selling prices for gold bars quoted by Saigon Jewelry Company Limited (SJC) stood at VND58.35 million and VND59.05 million per tael, respectively. This thereby represents a rise of VND300,000 per tael compared to the prices recorded during the weekend.
Simultaneously, DOJI Gold and Gems Group were trading gold at VND58.35 million for buying and 58.95 million for selling per tael, marking a similar rise of VND300,000 per tael from the previous day.
Phu Quy Group therefore listed each tael of SJC gold at between VND58.2 million and VND58.9 million for buying and selling, adding an additional VND100,000 from the prices recorded the previous day.
In terms of the global gold market, prices reached US$1,815.9 an ounce on November 8.
In relation to the local forex market, the State Bank of Vietnam also moved to adjust the exchange rate of major foreign currencies, in which US$1 could be exchanged for VND22,650.
