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 can post but they do 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.


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
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730

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
Post new topic   Reply to topic
Share | 

 Vietnam - Gold strongly changes; black-market dollar plunges

Go down 
Elite Member
Elite Member

Posts : 1812
Join date : 2011-06-24

PostSubject: Vietnam - Gold strongly changes; black-market dollar plunges    Fri Oct 28, 2011 1:44 pm

October 28, 2011

Gold strongly changes; black-market dollar plunges

The price of gold in Vietnam rose by VND700,000 per tael (1.2 ounces) before going down VND250,000 a tael on October 28 after global price failed to maintain its rising momentum.

Sacombank Jewelry Company bought gold at VND45.2 million and sold at VND45.5 million.

Saigon Jewelry Company, the biggest gold shop in Vietnam, collected gold at VND45.05 million and sold at VND45.35 million.

Hanoi-based Phu Quy Jewlery Company also traded SJC-brand gold at the same price.

Domestically, gold fetched VND1.1 million a tael higher than global price.

The interbank exchange rate climbed for fourteen times, rising by VND15 per dollar to VND20,803 per dollar this morning. The rate has gained VND175 per dollar, or 0.85 percent, this month. Vietcombank bought dollars at VND21,005, and sold at VND 21,011. Meanwhile, on black market, the US dollar exchange rate steeply dropped. Dollars were bought at VND21,350 per dollar, and sold at VND21,450 per dollar, a decrease of VND150 per dollar over the previous day.

Internationally, gold advanced for three consecutive days, heading for the strongest weekly gain since January 2009 as a weaker US dollar bolstered demand for the precious metal as an alternative investment.

Immediate-delivery gold rose as much as $20.2 an ounce, or 0.2 percent, to $1,746.7 an ounce on the Comex in New York.

In Asia, spot gold slid $1.6 to trade at $1,745.1 an ounce at 11:05 am Vietnamese time.

The US dollar fell the most against a basket of six major currencies since March 2009 after European leaders reached an agreement in resolving the region’s debt crisis. The euro exchange rate against the US dollar climbed to nearly $1.42 a euro in Tokyo this morning from $1.4 a euro the previous day.

Crude oil futures dipped $0.37 a barrel to trade at $93.59 a barrel on the New York Mercantile Exchange at 11:15 am Vietnamese time.


Back to top Go down
View user profile
Vietnam - Gold strongly changes; black-market dollar plunges
Back to top 
Page 1 of 1

Permissions in this forum:You can reply to topics in this forum
Post new topic   Reply to topicJump to: