Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."




Join Us for Dinar Discussions and More -- We Keep it REAL
 
HomeSearchFAQLog inRegister
YOU MUST Sign in with your USERNAME to POST
Follow us on TWITTER
DINAR INFORMATION LINKS

PARTNER SITES
Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 
 

 Vietnam - Domestic gold prices surpass VND46 million/tael

View previous topic View next topic Go down 
AuthorMessage
lexie
Elite Member
Elite Member
avatar

Posts : 1812
Join date : 2011-06-24

PostSubject: Vietnam - Domestic gold prices surpass VND46 million/tael   Tue Nov 08, 2011 10:34 am

NNovember 8, 2011

Domestic gold prices surpass VND46 million/tael

The price of gold in Vietnam jumped to VND46.5 million a tael (1.2 ounces), the highest level since September 23, on November 8 as global price advanced US$42 an ounce in the trading session in New York on concerns over Italy’s sovereign-debt uncertainties.


Sacombank Jewelry Company bought gold at VND46.2 million and sold at VND46.4 million as of 8:15 am Vietnamese time.


Saigon Jewelry Company, the biggest gold processor and trader in Vietnam, quoted the price at VND46.2 million for buying and VND46.45 million for selling.


Hanoi-based Phu Quy Jewelry Company purchased SJC-brand gold at VND46.33 million and sold at VND46.5 million as of 11:39 am, the highest level in the past six weeks.


Domestically, gold fetched VND550,000 a tael higher than global price.


The interbank exchange rate was stable at VND20,803 per dollar for ninth consecutive sessions. Vietcombank bought dollars at VND21,005, and sold at VND21,011. On free market, dollars were still bought at VND21,300 per dollar, and sold at VND21,350 per dollar.


Internationally, gold rallied as concerns over the European sovereign-debt crisis escalated after contagion from the region’s fiscal woes pushed Italy’s borrowing costs to euro-era records, spurring demand for the precious metal as a safe-haven.


Italian Prime Minister Silvio Berlusconi’s allies pressured him to step aside after the nation’s borrowing costs rose to the highest level in 15 years despite efforts of European leaders to prevent the sovereign-debt turmoil from spreading from Athens to Rome.


Gold for immediate delivery rose as much as $42 an ounce, or 2.4 percent, to close at $1,796.6 an ounce on the Comex in New York, the highest level in the past six weeks.


Gold futures for December delivery gained 2 percent to finish at $1,791.1 an ounce.


In Asia, spot gold was traded at $1,791.9 an ounce at 10 am Vietnamese time.


Holdings at SPDR Gold Trust increased by 10.59 metric tons to 1,255.65 metric tons yesterday, the highest level since August 23.


The euro exchange rate against the US dollar hovered nearly $1.38 a euro in Tokyo this morning.


Crude oil futures for December settlement was traded at $95.47 a barrel, down $0.05 a barrel, at 9:55 am Vietnamese time.


http://www.vietfinancenews.com/2011/11/domestic-gold-prices-surpass-vnd46.html#more



*****************
"WHEN THE POWER OF LOVE OVERCOMES THE LOVE OF POWER, THE WORLD WILL KNOW PEACE"
Back to top Go down
View user profile
 
Vietnam - Domestic gold prices surpass VND46 million/tael
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Dinar Daily :: OTHER INVESTMENTS :: OTHER CURRENCIES - DONG - ZIM - YUAN - etc-
Jump to: