Gold prices drop by VND600,000 per tael

Gold prices fell by VND600,000 per tael on December 8 against the previous day, due to gold investors and fund managers’ efforts to reclaim their cash before the end of 2010.

By 9am, SJC gold was bought at VND36.04 million per tael and sold for VND36.17 million. Gold prices are currently hovering around VND36.02-36.1 million per tael.

In the meantime, gold prices in other Asian countries dropped by US$25 per ounce to  US$1,397-1,398.

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