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Gold slightly increased to VND 45.85million/tael on Monday

Vietnam gold slightly increased to VND 45.85million/tael on Monday despite the world gold lost Friday in New York. Local dollar prices were still kept at VND20,803 from Oct 28.

SJC Hanoi quoted at VND45.650 million/tael for bid, and VND45.870 million/tael for bid and ask, respectively as of 9: 35 Hanoi time.

SJC Ho Chi Minh listed at VND45.650-45.850 million/tael for bid and ask, respectively.

Sacombank-SBJ gold prices were listed at VND45.600-VND45.800million/tael for bid and ask, respectively.

Rong Thang Long gold, a product of Bao Tin Minh Chau company,was trading at VND44.500 million/tael and VND45.000 million/tael for bid and ask, respectively.

BaoTin Minh Chau company which often listed its Rong Thang Long gold prices higher than SJC’s gold prices in the past, has listed its gold prices lower than the SJC‘s ones recently as the news that the State Bank of Vietnam may approve only SJC company to produce the bullion in the near future.

Investors are reported to sell Bao Tin Minh Chau’s gold more heavily in recent days on the SBV’s policy though government said that even if the proposal comes into force, it does not affect the existing bullion in the market.

Global Markets: Gold Slightly Lost in Both New York And Asia Trades

In New York trade last Friday, gold recorded its highest weekly lost from September.

Spot gold fell 0.2 % to settle at $1,724.40 an ounce. U.S. December gold futures was up $4.90 at $1,725.10 an ounce.

In Asia trade this morning, Kitco quoted spot gold at $1719.80-1720.80/ounce for bid and ask, respectively by 9:45 am, Hanoi time. – Stoxplus.com

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Posted by on Nov 21 2011. Filed under Gold price. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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