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 - Gold market gloomy at year end

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

Posts : 1812
Join date : 2011-06-24

PostSubject: VIETNAM - Gold market gloomy at year end    Tue Dec 27, 2011 11:44 am

December 27, 2011


Gold market gloomy at year end


Price of gold in Vietnam fell by VND200,000 a tael (1.2 ounces) over the previous day on December 27 as global prices slumped after investors left for the holidays.

Sacombank Jewelry Company bought gold at VND42.9 million and sold at VND43.3 million as of 9:05am Vietnamese time.

Saigon Jewelry Company, the biggest gold processing and trading company in Vietnam, collected gold at VND42.95 million and sold at VND43.35 million as of 7:59am Vietnamese time.


Hanoi-based Phu Quy Jewelry Company purchased SJC-brand gold at VND43.15 million and sold at VND43.45 million at 11:59am Vietnamese time.


Meanwhile, Bao Tin Minh Chau Jewelry Company quoted the price at VND42.1 million for buying, and VND42.4 million for selling at 12:21pm Vietnamese time.


Jewelers said trading on bullion market was subdued recently. Buying remained the main tendency on the market, however, trading volume dropped strongly over previous weeks.


SJC said that the company sold nearly 2,000 taels of gold yesterday, while trading volume at SBJ only reached around 500 taels.


On black market, dollar exchange rate continued to decline. One dollar was bought at VND21,230, and sold at VND21,260, down VND10 per dollar in buying price, and VND20 per dollar in selling price over the previous day.


Internationally, gold dropped in thin trade as investors stayed on the sidelines during the year-end holiday season watching for developments in the eurozone debt crisis.


Gold for immediate delivery was traded at $1,594.1 an ounce, down nearly $14 an ounce at 10:25am Vietnamese time.


The euro exchange rate against the US dollar was at nearly $1.31 as recent positive economic data backed the greenback.


Investors will look for more signs of recovery in the world's largest economy from data this week, including US consumer confidence for December due later in the day. Market participants are also watching Italy's last bond auctions of the year later this week, after the 10-year Italian bond yield broke above 7 percent, seen as an unsustainably high level.



http://www.vietfinancenews.com/2011/12/gold-market-gloomy-at-year-end.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 - Gold market gloomy at year end
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: