Gold prices rise sharply

The domestic price of gold on September 25 rose by VND40,000/tael compared to transactions on the previous day.

In Hanoi, at 9.30am, SJC gold was listed at VND30.42-30.48 million/tael while in Ho Chi Minh City, Nha Trang and Can Tho, it stood at VND30.42-30.46 million/tael.

In Asian markets on September 25, it hovered around US$1,297-1,298 per ounce. Gold prices in New York reached US$1,300 per ounce for the first time the same day.

According to economic experts, increasing gold prices were mainly due to the decrease in the value of the US dollar and an increase in the demand for gold.

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