Business

VN’s gold price approaches 49 mln VND per tael

Following rising global gold prices, domestic gold prices continued to climb strongly on August 22.
Following rising global gold prices, domestic gold prices continued to climb strongly on August 22.

By 2pm the same day, domestic gold prices ranged from 48.20 million VNDto 48.75 million VND per tael in buying and selling prices,respectively, an increase of 900,000 VND per tael from the morning and1.25 million VND per tael from August 19. One tael is equal to 1.2ounces or 37.4 grammes.

Jewellery trading companiesalso extended their buying and selling prices gap from 400,000 to500,000 VND per tael on the day.

In total, since thelast week, the domestic gold price had risen by 4.53 million VND pertael and since the beginning of this month, it had risen by 8.6 millionper tael./.
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