Gold prices fall in local market Business

Gold prices fall in local market

Gold prices dropped 110,000 VND (4.9 USD) from the beginning of this week in the local market, while the global gold prices fell to their lowest level since 2010 on November 13.

Domestic gold prices fall to four-week low

Local gold prices dropped by 0.38 percent on July 16 to a four-week low of 36.6-36.7 million VND (1,686 – 1,692 USD) per tael, driven by a downward trend in world markets on a strengthening of the dollar on July 14-15.

Gold imports resume to stabilise market

The Government has lifted the current ban on gold imports as part of measures to regulate the domestic market, said State Bank of Vietnam (SBV) Governor Nguyen Van Giau.