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Tag Archives: Vietnam gold prices

Commercial banks buy gold above market price

commercial bank

A number of commercial banks have begun buying gold at above market prices to encourage gold depositors to convert gold holdings to Vietnamese dong savings. “The move is being seen as a temporary measure to tackle difficulties in raising capital and helping banks maintain short-term liquidity,” said a senior official …

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Gold suddenly reverses

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The price of gold in Vietnam unexpectedly jumped by VND100,000 a tael (1.2 ounces) to nearly VND37.5 million a tael on May 17 although global price continued to drop on a stronger dollar. Earlier, the metal was traded at below VND37.4 million a tael, VND20,000-40,000 lower than the same period …

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Gold alloy on market not pure

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Jewellery companies report that some gold alloy currently sold on market has low gold purity although gold-purity testing machines show a purity rate of 99.99 percent. According to a representative from Sai Son Jewelry JSC, the impurities of this particular gold alloy will not show up on these machines.Nguyen Van …

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Gold price drops 270,000 dong to 37.5m dong/tael

gold

With the ceiling forex rate today at 20,910 dong/US dollar, the domestic gold price is higher by 80,000 dong per tael than the world price. Closing the trading session on May 5, the gold price for June delivery in New York slipped nearly $34 to $1,481.4 per ounce. The gold …

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