Domestic gold prices skyrocket to VND74.5 million per tael
VOV.VN - Vietnamese gold prices continued to soar on November 29 morning, hitting a year record high of VND74.5 million per tael on the back of the global market rally.
At 9 a.m. Saigon Gold and Jewelry Company listed each tael of SJC gold at VND73.2 million-VND74.4 million (buying-selling), up VND700,000 and VND900,000 for the buying and selling prices respectively from the previous day.
At the same time, Bao Tin Minh Chau Company Limited increased rates by VND720,000 and VND930,000 per tael to VND73.22 million and VND74.38 million (buying – selling) compared to rates one day ago.
The price of VND74.5 million per tael exceeded the record level of VND74.4 million per tael recorded in March 2022, becoming the highest level in history.
Meanwhile, gold ring prices shot up VND500,000-700,000 to VND61.1 million-62.7 million per tael, also reaching a new high so far.
This sudden rise is largely fueled by the robust increase occurring in global gold prices.
Early November 29 saw gold rise by an additional US$30 to US$2,040 per ounce in the New York market.
At around 9:00 a.m. local time, the price of gold on the world market was traded at US$2,049.2 per ounce. This price is not far from the record level of US$2,068 per ounce seen in August 2020.
