Domestic gold price breaks record again
Gold hit its highest price on the domestic market on July 18 morning
at 39.35 million VND (1,910 USD) per tael, mostly driven by the global
spot gold price reaching a record high after 11 straight days of gains
due to persistent worries about the euro zone debt crisis.
Gold hit its highest price on the domestic market on July 18 morning
at 39.35 million VND (1,910 USD) per tael, mostly driven by the global
spot gold price reaching a record high after 11 straight days of gains
due to persistent worries about the euro zone debt crisis.
Spot gold rose to an all-time peak on the international market of 1,599.20 USD an ounce, up 1 percent from the previous close.
Sai Gon Jewellery, Bao Tin Minh Chau, Agribank Gold and the Jewellery Co, the Sacombank Jewellery Co, the Phu Nhuan Jewellery Co and Doji quoted prices of 39.15-39.22 million VND per tael (one tael is equal to 1.2oz).
The gold price was up 1.2 million VND per tael, or 3.15 percent, against one week ago which is still 450,000 VND lower than global price.
Gold dealers, who predicted the domestic gold price would keep surging this week, reported sellers outnumbered buyers. Both retail and institutional investors took profits on the high price.
Some major dealers reported that a buy sentiment was being expressed by some groups who expected the price to go higher./.
Spot gold rose to an all-time peak on the international market of 1,599.20 USD an ounce, up 1 percent from the previous close.
Sai Gon Jewellery, Bao Tin Minh Chau, Agribank Gold and the Jewellery Co, the Sacombank Jewellery Co, the Phu Nhuan Jewellery Co and Doji quoted prices of 39.15-39.22 million VND per tael (one tael is equal to 1.2oz).
The gold price was up 1.2 million VND per tael, or 3.15 percent, against one week ago which is still 450,000 VND lower than global price.
Gold dealers, who predicted the domestic gold price would keep surging this week, reported sellers outnumbered buyers. Both retail and institutional investors took profits on the high price.
Some major dealers reported that a buy sentiment was being expressed by some groups who expected the price to go higher./.
You should also see
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
See more
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Vietnam needs drastic reforms to create firm ground for economic growth: experts
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
