Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Vietnam- Gold changes erratically DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Vietnam- Gold changes erratically

Post new topic   Reply to topic

Go down

Vietnam- Gold changes erratically Empty Vietnam- Gold changes erratically

Post by lexie Wed Sep 14, 2011 1:40 pm

September 14, 2011



Gold changes erratically




The price of gold in Vietnam moodily fluctuated on September 14 as the heavy metal wildly changed on global market.


Saigon Jewelry Company, the biggest gold shop in Vietnam, bought gold at VND47.12 million and sold at VND47.32 million at 11 am local time. Earlier, the metal jumped by VND350,000 a tael over the previous day to VND47.5-47.6 million but it soon declined as global price weakened.


Hanoi-based Phu Quy Jewelry Company purchased SJC-brand gold at VND47.15 million and sold at VND47.4 million at the same time.


Domestically, gold fetched around VND1.2-1.3 million a tael higher than global price.


On foreign currency market, the dollar exchange rate jumped over VND21,000 on free market this morning. The greenback was bought at VND20,960 and sold at VND21,020, an increase of VND60 per dollar over the previous day.


Meanwhile, the rate at commercial banks remained at a standstill.


Internationally, gold advanced as concern over the European sovereign-debt crisis spurred demand for the metal as a safe-haven.


Gold for immediate delivery gained nearly $20 an ounce to close at $1,835.2 an ounce on the Comex in New York.


In Asia, the metal strongly bounced at the beginning of the trading session this morning. However, it soon sharply retreated due to profit-taking. Spot gold stood at $1,836 an ounce at 11 am Vietnamese time.


The euro exchange rate against the greenback was at above $1.36 in Tokyo this morning.


Crude oil futures for October delivery fell $1.3 a barrel over the closing price in New York to trade at $88.91 a barrel on the New York Mercantile Exchange at 11:30 am Vietnamese time.


http://www.vietfinancenews.com/2011/09/gold-changes-erratically.html#more

lexie
lexie
Elite Member
Elite Member

Posts : 1812
Join date : 2011-06-24

View user profile

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You can reply to topics in this forum