Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
VIETNAM - Gold market gloomy at year end   I_icon_minitimeYesterday at 6:02 am by Ditartyn

» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
VIETNAM - Gold market gloomy at year end   I_icon_minitimeSat Mar 23, 2024 9:25 am by swizzlestick

» ZIGPLACE
VIETNAM - Gold market gloomy at year end   I_icon_minitimeWed Mar 20, 2024 6:29 am by Zig

» CBD Vape Cartridges
VIETNAM - Gold market gloomy at year end   I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

» Classic Tony is back
VIETNAM - Gold market gloomy at year end   I_icon_minitimeTue Mar 05, 2024 2:53 pm by Mission1st

» THE MUSINGS OF A MADMAN
VIETNAM - Gold market gloomy at year end   I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

»  Minister of Transport: We do not have authority over any airport in Iraq
VIETNAM - Gold market gloomy at year end   I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

» Did Okie Die?
VIETNAM - Gold market gloomy at year end   I_icon_minitimeMon Mar 04, 2024 11:34 am by Arendac

» Hello all, I’m new
VIETNAM - Gold market gloomy at year end   I_icon_minitimeWed Jan 31, 2024 8:46 pm by Jonny_5

» The Renfrows: Prophets for Profits, Happy Anniversary!
VIETNAM - Gold market gloomy at year end   I_icon_minitimeWed Jan 31, 2024 6:46 pm by Mission1st

» What Happens when Cancer is treated with Cannabis? VIDEO
VIETNAM - Gold market gloomy at year end   I_icon_minitimeWed Jan 31, 2024 8:58 am by MadisonParrish

» An Awesome talk between Tucker and Russell Brand
VIETNAM - Gold market gloomy at year end   I_icon_minitimeWed Jan 31, 2024 12:16 am by kenlej

» Trafficking in children
VIETNAM - Gold market gloomy at year end   I_icon_minitimeMon Jan 29, 2024 7:43 pm by kenlej

» The second American Revolution has begun, God Bless Texas
VIETNAM - Gold market gloomy at year end   I_icon_minitimeMon Jan 29, 2024 6:13 pm by kenlej

» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
VIETNAM - Gold market gloomy at year end   I_icon_minitimeSun Jan 28, 2024 3:28 pm by Mission1st

» Tucker talking Canada
VIETNAM - Gold market gloomy at year end   I_icon_minitimeWed Jan 24, 2024 6:50 pm by kenlej

» Almost to the end The goodguys are winning
VIETNAM - Gold market gloomy at year end   I_icon_minitimeMon Jan 22, 2024 9:03 pm by kenlej

» Dinar Daily Facebook Page
VIETNAM - Gold market gloomy at year end   I_icon_minitimeMon Jan 22, 2024 3:34 pm by Ponee

» The Fundamentals of Finance and Pimpy Live
VIETNAM - Gold market gloomy at year end   I_icon_minitimeThu Jan 18, 2024 7:17 am by Dinarhater

» Why Won't the Iraqi Dinar Scam Die?
VIETNAM - Gold market gloomy at year end   I_icon_minitimeWed Jan 17, 2024 5:19 pm by RamblerNash

VIETNAM - Gold market gloomy at year end

Go down

VIETNAM - Gold market gloomy at year end   Empty VIETNAM - Gold market gloomy at year end

Post by lexie 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"
lexie
lexie
Elite Member
Elite Member

Posts : 1812
Join date : 2011-06-24

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum