Gold prices shoot up

Domestic gold rose by VND400,000/tael in only two hours on February 18 morning.

Early in the morning, gold prices went up by VND350,000-370,000/tael compared to the previous day’s transaction.

On February 17, SJC gold was traded at VND36.88-36.97 million/tael, sometimes at VND37.1 million/tael.

By 9.30am on February 18, it hovered around VND37.35-37.48 million/tael.

In the world market, gold prices hit a one-month record high of US$1,385 per ounce.

On February 18, the inter-bank exchange rate dropped to VND20.678 per US dollar. In Hanoi’s free market, it was at VND21.900-22.050 per US dollar and VND29.750-29.950 per Euro.   

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>   Devaluation drives up dollar, gold (18/02/2011)

>   Gold prices reach VND37 mil/tael (17/02/2011)

>   Gold sets all-time fresh record, dollar edges up (21/02/2011)

>   Gold, dollar prices rise strongly (16/02/2011)

>   Gold climbs to six-week high (15/02/2011)

>   US dollar in Vietnam: The currency with three “sides” (15/02/2011)

>   Gold slips, dollar firms after Tet (09/02/2011)

>   Gold down to VND35.09 million/tael (26/01/2011)

>   Ministry refuses to cut gold export tariff (25/01/2011)

>   Gold to stay above US$1,750 per tael (25/01/2011)