Gold price slips under VND38 mln threshold
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Domestic gold price in HCMC Monday was traded around VND37.88 million per tael, slipping far from the VND38 million per tael threshold set last week.
The current gold price dropped VND130,000 per tael compared to last Friday when the gold price jumped to VND38.01 million per tael.
At 9:30 am local time, the gold price of Saigon Jewelry Co (SJC), Vietnam biggest gold trader, was quoted at VND37.82 million per tael (buying price) and VND37.88 million per tael (selling price). In Hanoi, the gold price was traded at VND37.79 and VND37.87 million per tael respectively then.
Meanwhile, the world gold price then was $1,532 per ounce, increasing slightly day on day.
During past week, the precious metal was traded around the threshold of VND38 million per tael in the domestic market.
The interbank average forex rate Monday continued to remain unchanged at VND20,618 per US dollar, marking the lowest level since the forex rate adjustment onFebruary 11. If comparing to the highest level of forex rate at VND20,723, the US dollar dropped VND115.
Commercial banks quoted the forex rate at VND20,530-20,590 a US dollar.
