Gold prices increase by VND200,000/tael

The price of gold rose sharply to VND36.03-36.05 million/tael at 10am on December 29. In Hanoi’s gold stores, prices were listed at VND35.95-36.07 million/tael. At 8.40am, SBJ gold stood at VND36-36.04 million, up by VND190,000/tael compared to transaction on December 28.

At 10.25am, Thang Long Dragon gold at Bao Tin Minh Chau Company hovered around VND35.76-35.82 million/tael.

Rising domestic gold prices were due to the sharp increase of the world’s gold prices. It was transacted at US$1,406.2 per ounce at closing time on December 28, up by US$22 per ounce against opening time. The world’s gold prices rose by 28 percent compared to earlier this year.

Previously, on December 7, gold prices reached their peak at US$1,432.50 per ounce.  

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>   The impressive figures of the gold market in 2010 (25/12/2010)

>   Gold slightly slides (24/12/2010)

>   Gold changes little (23/12/2010)

>   National gold exchange to be set up (24/12/2010)

>   Gold stands steadily below VND36 million (23/12/2010)

>   Gold and dollar decline (22/12/2010)

>   Gold climbs to VND36 million again (20/12/2010)

>   Gold deposits hit with income-tax on interest (16/12/2010)

>   Gold hovers around VND36 million (16/12/2010)

>   Sources predict higher kieu hoi volume in 2010 than in 2009 (15/12/2010)