Local gold prices increase following several days of stagnation

VOV.VN - The domestic price of gold shot up to VND56.75 million per tael on September 10 following the precious metal rising to US$1,950 per ounce in the global market.

One tael of SJC gold at the Saigon Gold, Silver and Gemstone joint stock company was being purchased for VND56.05 million per tael and sold at VND56.75 million per tael on September 10, marking an increase of between VND300,000 to VND350,000 per tael in comparison to the previous day’s trading session.

Simultaneously, the DOJI Gold and Gems Group were trading at VND56.2 million for buying per tael and VND56.65 million for selling per tael, representing a rise of between VND450,000 and VND500,000 per tael from transactions on September 9.

The recent fluctuations occurring in the price of domestic gold can largely be attributed to the impact of the global gold market which has witnessed a notable price rise of US$4.6 per ounce to US$1,950.4 per ounce.