Saigon Jewelry Company listed the price of SJC gold at VND55.05 million per tael for buying and VND55.5 million per tael for selling, down by VND570,000 per tael for both buying and selling rates at 4 p.m. in Ho Chi Minh City.
At the same time in Hanoi, Bao Tin Minh Chau Company quoted SJC gold at VND55.1 million per tael for buying and VND55.5 million per tael for selling, down VND650,000 per tael in buying rate and VND520,000 per tael for selling.
In the global gold market, the heavy metal plunged by up to US$36 ounce to $1,832 an ounce, the lowest level in the past four months, at around 9 a.m. Vietnamese time. According to gold experts, the global gold price declined sharply as the UK pharmaceutical company AstraZeneca announced that it had developed a vaccine that could prevent 90 percent of Covid-19 infection.
This announcement urged investors to sell gold heavily because the traditional role as a safe-haven of precious metal will decrease sharply when the pandemic is under control. The global gold price was equivalent to VND51.4 million per tael, more than VND4 million per tael lower than the domestic one after conversion.
At the same time in Hanoi, Bao Tin Minh Chau Company quoted SJC gold at VND55.1 million per tael for buying and VND55.5 million per tael for selling, down VND650,000 per tael in buying rate and VND520,000 per tael for selling.
In the global gold market, the heavy metal plunged by up to US$36 ounce to $1,832 an ounce, the lowest level in the past four months, at around 9 a.m. Vietnamese time. According to gold experts, the global gold price declined sharply as the UK pharmaceutical company AstraZeneca announced that it had developed a vaccine that could prevent 90 percent of Covid-19 infection.
This announcement urged investors to sell gold heavily because the traditional role as a safe-haven of precious metal will decrease sharply when the pandemic is under control. The global gold price was equivalent to VND51.4 million per tael, more than VND4 million per tael lower than the domestic one after conversion.
Other news
US$3.9 bln channelled into Hoa Lac Hi-Tech Park
Enterprises yet to make use of EVFTA when exporting agricultural products to EU
CAAV proposes construction, expansion of six airports
Bright economic appearance after 35 years of innovation
E-commerce platform for high-quality Vietnamese-made goods launched
Customs General Department orders to increase supervision on imported goods
E-commerce growth of Vietnam achieves 18 percent in 2020
Young businesspersons focus on creative businesses
Thirty businesses win HCMC Golden Brand Award
