Local gold prices hit VND60 million/tael

VOV.VN - Domestic gold prices continued to soar on November 11, reaching a historic high of VND60 million per tael.

The Saigon Gold and Jewelry Company at 4:11 p.m. on November 11 listed each tael of SJC gold at VND59.3 million (buying) and VND60 million (selling) per tael in both Ho Chi Minh City and Hanoi, up VND350,000 per tael compared to morning transactions.

Elsewhere, Doji Group rated gold at VND59.25 million – VND59.8 million per tael for buying – selling, marking an increase of VND350,000-200,000 per tael compared to the rates recorded in the morning.

Elsewhere, Phu Nhuan Jewelry Joint Stock Company listed each tael of SJC gold at VND59.2 million – VND59.9 million, for buying – selling.

As a result of these changes, local gold prices are approaching historical highs of VND63 million per tael set in early August, 2020.

In the global market, gold prices duly reached US$1,847.8 an ounce on November 11 morning, hitting the highest level since June 15.

Meanwhile, in 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 VND23,105.

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