Vietnamplus

The domestic gold price saw its strongest growth in three months in the week of December 23-29 after beating the milestone of 42 million VND (1,817.40 USD) per tael.

The Consumer Price Index (CPI) of November increased by 0.96 percent compared to last month, the highest growth for November’s CPI in the last nine years.

Ten of the 11 categories of main consumer goods and services have recorded price hikes in October, with the strongest month-on-month increase, 1.04 percent, seen in the food and food services group.

With ultra-loose monetary policy worldwide, nominal interest rates of 95 central banks have been cut 38 percentage points from the outset of the year, and gold has become the most profitable channel.

In the first eight months of the year, the overall inflation was higher than the core inflation. This reflected that the price fluctuations were mainly due to the hike in prices of food, foodstuff, ga

Among the 11 main commodity groups, nine experienced price rises while two saw the same price drop of 0.03 percent.

The consumer price index (CPI) between January and May increased by 2.74 percent from the same period last year – the slowest five-month pace over the last three years, according to the General Statistics Office (GSO).

The overall inflation hikes much higher than the core inflation, mainly due to increased fuel and electricity prices. However, the core inflation inched up by only 1.85 percent in the first five month

Hanoi’s consumer price index (CPI) in May increased by 0.65 percent from the previous month, reported the city Statistics Office.

Hanoi’s consumer price index (CPI) in April rose 0.24 percent from the previous month and 4.35 percent against the same time last year, reported the city Statistics Office.

The gap between the gold buying and selling prices on the God of Wealth Day is wider than ever. In some gold stores, the gold selling price is even double the buying price.

In 2018, the VND only devalued about 2.2-2.3 percent compared to the USD and lower than the depreciation of EUR, pound and yuan at 4.5 percent, 5.7 percent and 5.4 percent, respectively.

The consumer price index (CPI) of Ho Chi Minh City in August increased 0.48 percent against the previous month and 3.51 percent compared with the same period last year, the municipal Statistics Office reported on August 30.

Converting idle gold held by Vietnamese people into money and other assets may help provide more funding for socio-economic development and business operation, according to the State Bank of Vietnam (SBV).

The gold prices of two Vietnamese gold bars on February 12 saw significant increases of from 70,000 VND (3.07 USD) to 110,000 VND per tael, in line with the global trend.

Hanoi’s consumer price index (CPI) for January rose 0.86 percent over December 2017 and 2.06 percent compared to the same month last year, according to the Hanoi Statistics Office.

The State Bank of Vietnam (SBV) is collecting feedback for a decree on gold trading, which will include a monopoly for the central bank on accepting gold deposits.

Ho Chi Minh City’s consumer price index (CPI) in October increased 0.63 percent compared to that of September and 4.13 percent year on year.

The consumer price index (CPI) in the southern economic hub of Ho Chi Minh City in September increased 0.9 percent from the previous month and 4.12 percent over the same period last year.

Gold prices slumped in the Vietnamese market on September 12 morning. On the Hanoi market, selling price of one tael, or 1.205 ounces, of State-owned SJC’s gold declined by 190,000 VND (8.3 USD) to 36.75 million USD.