Domestic gold hits VND47.1 million/tael
(VOV) -The domestic gold price exceeded VND47 million/tael on November 7, following a general rising trend on the global market.
At 15:00, SJC gold was traded in Ho Chi Minh City at VND46.9 million per tael for buying and VND47.1 million per tael for selling, up VND550,000 per tael from previous recent transactions.
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Meanwhile, the price of SJC gold set by Phu Quy Jewelry Company hovered around VND47-47.13 million per tael.
On the New York market, the gold price saw an increase of 1.9 percent, reaching US$1,618 per ounce-the highest level in nearly two months.
Experts from ANZ Bank predict the gold price will reach US$1,890 per ounce in 2013.