International experts predict that gold prices could hit 1,400 USD per ounce. (Source: tinnhanh24h.com) Hanoi (VNA) - Domestic gold prices have seen a steady increase since the beginning of this week.
This is in line with the robust growth of global gold prices over worries about the trade war between China and the United States.
At 2pm on April 11, Saigon Jewellery Joint Stock Company (SJC) quoted the buying and selling prices of its gold in HCM City at 36.75 million VND (1,608 USD) and 36.93 million VND per tael, respectively, an increase of some 130,000-150,000 VND per tael compared to April 6.
One tael is equivalent to 1.2 ounces.
This is the third consecutive increase in gold prices this week.
At the same time, Hanoi-based Bao Tin Minh Chau Jewellery JSC increased its buying and selling prices to 36.82 million VND and 36.88 million VND per tael, respectively, up by 180,000 VND per tael against last week.
DOJI Group bought SJC gold at 36.82 million VND per tael and sold it at 36.90 million VND per tael, a rise of 190,000 VND per tael over April 6.
Global gold prices have risen quickly as the US dollar continues to fall.
Gold spot is being traded at over 1,344 USD per ounce on April 11 in the global market, up by some $10 per ounce against April 6.
International experts predict that gold prices could hit 1,400 USD per ounce. Investors, meanwhile, are paying close attention to the trade spat between the two largest economies, which has boosted the precious metal’s appeal.
On the other hand, problems in Russia, Syria and Iran have also made investors anxious, driving up gold prices.-VNA
VNA
