Domestic gold prices on Sept. 13 rose 1 million VND (48.3 USD) higher than on the international market with gold traders posting their selling prices at 47.1-47.6 million VND (around 2,300 USD) per tael (one tael equals 1.2 troy ounces).
Gold futures for December delivery in the New York market on Monday's trade dropped 46.20 to 1,813.30 USD per ounce after three straight days of increases.
Global stocks on Sept. 13 recovered after slumps and the domestic market was able to maintain its two-week rally.
"The expectation that inflation will rise this month may help extend the rally," stated Vietcombank Securities Co analyst Tran Minh Hoang.
Closing on Sept. 13's session at 469.40 points, the VN-Index on the HCM Stock Exchange added 1.4 percent.
Advancers outnumbered decliners by 229-39.
The value of trades reached nearly 1.2 trillion VND (58 million USD), up 39.1 percent compared to Sept. 12's figure while the trading volume increased by 16.2 million shares to 68.4 million.
Among blue chips, insurer Bao Viet Holdings (BVH), food processor Masan Group (MSN) and PetroVietnam Finance (PVF) continued to hit their ceiling prices, while real estate developer Vincom (VIC) bottomed out for the second day in a row.
Saigon Securities Inc (SSI) was the most active code with nearly 4 million shares exchanged.
On the Hanoi Stock Exchange, the HNX-Index closed up 0.9 percent at 79.25 points.
"The amplitude of the index was narrower as the sell pressure got higher, which nearly dragged the index down," said Tan Viet Securities Co analysts.
The market value slid 4.6 percent from Sept.12's level to 771.3 billion VND (37.3 million USD) . /.
Gold futures for December delivery in the New York market on Monday's trade dropped 46.20 to 1,813.30 USD per ounce after three straight days of increases.
Global stocks on Sept. 13 recovered after slumps and the domestic market was able to maintain its two-week rally.
"The expectation that inflation will rise this month may help extend the rally," stated Vietcombank Securities Co analyst Tran Minh Hoang.
Closing on Sept. 13's session at 469.40 points, the VN-Index on the HCM Stock Exchange added 1.4 percent.
Advancers outnumbered decliners by 229-39.
The value of trades reached nearly 1.2 trillion VND (58 million USD), up 39.1 percent compared to Sept. 12's figure while the trading volume increased by 16.2 million shares to 68.4 million.
Among blue chips, insurer Bao Viet Holdings (BVH), food processor Masan Group (MSN) and PetroVietnam Finance (PVF) continued to hit their ceiling prices, while real estate developer Vincom (VIC) bottomed out for the second day in a row.
Saigon Securities Inc (SSI) was the most active code with nearly 4 million shares exchanged.
On the Hanoi Stock Exchange, the HNX-Index closed up 0.9 percent at 79.25 points.
"The amplitude of the index was narrower as the sell pressure got higher, which nearly dragged the index down," said Tan Viet Securities Co analysts.
The market value slid 4.6 percent from Sept.12's level to 771.3 billion VND (37.3 million USD) . /.
