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 treads water

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 treads water    Tue Feb 21, 2012 10:11 am

February 21, 2012

Gold treads water

Price of gold in Vietnam rose slightly over the closing price previous day on February 21 as global price inched up, after eurozone finance ministers approved the second bailout package for debt-laden Greece.

Sacombank Jewellery Company bought gold at VND44.35 million and sold at VND44.75 million as of 8 am Vietnamese time.

Saigon Jewellery Company, Vietnam’s biggest gold processor and trader, collected the metal at VND44.57 million and sold at VND44.77 million as of 10.24 am Vietnamese time.

Hanoi-based Phu Quy Jewellery Company purchased SJC-brand gold at VND44.68 million and sold at VND44.77 million as of 10.14 am Vietnamese time.

Meanwhile, Bao Tin Minh Chau Jewellery Company quoted price at VND43.65 million for buying, and VND43.9 million for selling at 12.22 pm Vietnamese time.

Local prices had been trapped in a tight range of VND44.7- 44.9 million a tael for more than half a month. Trading on bullion market became muted as prices moved flat while market lacked unexpected factors.

Domestically, gold fetched around VND1.3 million a tael, higher than global price.

Dollars were bought at VND20,810 per dollar, and sold at VND20,830 per dollar on free market this morning, unchanged from previous day.

Meanwhile, Vietcombank purchased the greenback at VND20,810 per dollar, and sold at VND20,860 per dollar, down VND10 per dollar in selling price over the previous day.

Internationally, gold went down a little at the beginning of the trading session in Asia this morning. However, the metal rebounded after news that eurozone leaders had decided to help Greece resolve its immediate payment needs.

Gold for immediate delivery gained as much as $1.9 an ounce to trade at $1,737 an ounce at 10.10 am Vietnamese time.

Spot gold closed at $1,735.1 an ounce, up $10.3 an ounce, or 0.6 per cent, on the Comex in New York last night.

The euro exchange rate against the US dollar remained above $1.32 a euro in Tokyo this morning.




http://www.vietfinancenews.com/2012/02/gold-treads-water.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 treads water
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: