The Saigon Jewelry Company (SJC) said Wednesday its gold price increased to VND17.95 million (US$1,027) a tael (1.2 ounces), VND200,000 ($11.4) per tael higher than Tuesday’s price.
The domestic gold price is now about VND300,000 ($17) per tael lower than the global price, which also rose on the market Wednesday, gaining $19.6 an ounce from Tuesday to $864.4 per ounce.
An SJC representative said the increase of gold prices encouraged a rush to sell, with nearly 5,000 taels sold Wednesday.
The Vietnam Export-Import Commercial Joint Stock Bank, said the global gold price had risen due to a less optimistic view of the US economy. (TN)
Friday, February 20, 2009
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