Home » Gold » Gold price reverses back to VND42.4 million

The domestic gold price rebounded and returned to VGold price reverses back to VND42.4 millionND42.4 million per tael (1.2 ounces) after a sharp decrease yesterday.

SJC gold in Hanoi was listed at VND42.35 million per tael for buying and VND42.41 million for selling at 9am this morning, an increase of around VND110,000 per tael compared to yesterday’s prices.

Earlier, the price dropped by VND180,000 per tael on August 15 to stand at VND42.3 million per tael, then gained VND40,000 per tael after four days of trading.

However, the price of gold on the world market fell by $15 per ounce compared to earlier this week, now hovering around $1,600 per ounce. The price of gold for immediate delivery increased by 0.5 pct at the Kitco floor to $1,606.1 per ounce, while gold for September delivery rose to $1,606.6 per ounce.

The world gold price is currently VND2.1 million per tael lower than domestic prices, according to the current Vietcombank exchange rate of VND20,865 per US dollar.

(Nhan Dan)

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