Gold prices surpass VND63 million per tael on first working day after Tet
VOV.VN - Domestic gold prices fluctuated sharply as they hit a new peak exceeding VND63 million per tael on February 7, thereby reaching a new all-time high.
At 9:30 a.m. on February 7, Saigon Gold and Jewelry Company listed each tael of SJC gold at VND62.45 million for buying, and VND63.15 million for selling, marking increases of roughly VND650,000 for both compared to the previous transaction’s rates.
During the morning trading session, both selling and buying prices for gold bars quoted by DOJI Group stood at VND62.2 million and VND63.15 million per tael, respectively.
Local gold prices thereby broke the record of VND62.6 million per tael set in the pre-Tet trading period on January 26.
In terms of the global gold market as a whole, prices reached US$1,809 an ounce on the morning of February 7, equivalent to VND49.67 million per tael when converted in the domestic exchange rate.
In relation to the local forex market, the State Bank of Vietnam also moved to adjust the exchange rate of major foreign currencies, with US$1 being exchanged for VND22,790.
