Gold price hits two-year high
The domestic gold price skyrocketed to over VND36 million per tael (1 tael = 12 ounces) on July 4, the highest level in the last two years.
The sharp rise was attributed to the increasing global price.
SJC gold was listed by the Saigon Jewellery Company at VND36.16 – VND36.72 million per tael (buying – selling) at 13:45 on July 4, a record high since the end of July 2014, soaring VND560,000 and VND720,000, respectively, against the early session the same day.
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The Bao Tin Minh Chau Jewellery Company at 13:40 also extended the buying/selling prices by VND330,000 and VND380,000, posting at VND36.33 – VND36.58 million, respectively.
Gold price in the Asian market soared by 0.2% to US$1,344.09/ounce at the first session of the week on July 4.
At 14:00 (Vietnamese time), the price of gold in the world market set at US$1,350.6/ounce.
