Gold Rises To Nearly VND 59 Million (US $ 2,596) Per Tael | Business

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The Saigon Jewelry Company (SJC) today quoted the purchase price of 58 million VND and the sale price of nearly 59 million VND (2,596 USD) per tael. At the same time, the Hanoi-based Doji Group bought SJC gold at VND 58.6 million per tael and sold VND 59.2 million per tael, up from VND 250,000 per tael in buying and selling price one.

In the global gold market, gold was trading at US $ 1,823 at 10:00 am on November 9 in the Asian market.

After conversion, this price is equivalent to nearly 50 million VND per tael, which is 9.3 VND less than SJC one per tael.

According to global financial experts, against the background of rising inflation in the United States, the dollar has depreciated against many other hard currencies. Along with this, the interest rate on US bonds also fell from 1.53% p.a. to 1.48% p.a., so businessmen expected a large cash flow in the market. gold. This is the reason why gold prices have risen sharply.

In related news, the Vietnamese stock market after three consecutive sessions hitting a new high, the Vietnamese benchmark VN-Index saw a slight decline in the November 9 trading session following strong pressure to take profit investors.

At the end of the session, the VN-Index lost 6.07 points or 0.41% to close at 1461.5 points. On the smallest stock exchange in the North, the HNX index rose 0.12% to close at 148.93 points. Although market liquidity declined 3.5% from the previous session, it remained high with a total trade value of VND 36 trillion.

By Nhung Nguyen – Translated by Anh Quan


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