Gold prices below VND35 million/tael

Gold prices on November 16 dropped by VND200,000-300,000/tael to below VND35 million/tael because of decreasing world gold prices.

In Hanoi, SJC gold stood at VND34.90-34.97 million/tael, down VND200,000-230,000/tael compared to transactions on November 15. Meanwhile, in Ho Chi Minh City, gold hovered around VND34.88-34.98 million/tael.

At 10.20am, Thang Long Dragon gold at Bao Tin Minh Chau Company was transacted at VND34.80-34.90million/tael.

In the world market, the price of gold was listed at US$1,356.70 per ounce, falling US$2.7 against the price at opening time. 

vov  

>   Gold prices increase slightly (15/11/2010)

>   More traders to be licensed to import gold (15/11/2010)

>   Ministry proposes higher export tariff on gold (15/11/2010)

>   Economist: Imports will not help keep gold prices low (12/11/2010)

>   SBV lifts gold import quotas to ease frenzy (11/11/2010)

>   Gold prices dancing, shops sell gold in dribs and drabs (10/11/2010)

>   Companies receive gold quotas (10/11/2010)

>   State Bank acts to cool gold, dollar (10/11/2010)

>   How much gold kept among Vietnamese people? (10/11/2010)

>   Gold, dollar set dramatic new records (09/11/2010)