Vietnam Gold Market News

Advertisements

Random Post

• Vietnam CPI surges in March 2010
• Vietnam Steel shares help reverse slide
• Insurance firm earns 136b dong pre-tax profit, 71.5pct year plan
• Vietnam Central Highlands City Seeks to Open Air Route to Singapore
• Nippon Telegraph and Telephone Corp install fiber-optic communications cables in Nomura Hai Phong Industrial Park
• Southern hub goes ahead with price-stabilizing measures

Vietnam Gold Market News

Vietnam Business » Vietnam Gold Market News » Gold adds small rise

Gold adds small rise

Saigon Jewelry Co. bought gold at VND28.07 million and sold at VND28.15 million as of 1:40 pm local time. At Sacombank Jewelry Co., the metal was bought at VND28.1 million and sold at VND28.13 million.

The price of gold in Vietnam surged by VND50,000 a tael over the previous day on June 17. Trading on bullion market remained thin as the metal hadnt made any strong movement.

The US dollar exchange rate remained stable below VND19,000. On free market, a dollar was bought at VND18,970 and sold at VND18,990. State-owned Vietcombank fixed dollar exchange rate at VND18,950 for buying and VND18,990 for selling.

Globally, the precious metal fluctuated around US$1.230 an ounce. Most investors sold gold to take profits after a sharp rise. However, selling pressure failed to make the metal to plunge further.

Spot gold fell as much as $3.9 an ounce, or 0.3 percent, to close at $1,231.5 in New York last night. Earlier, the metal approached $1,240 an ounce.

Concerns that Europes financial turmoil will be prolonged boosted the demand for the precious metal as a store of value.

Asian investors promoted buying as the metal dropped last night, helping green return to bullion market.

Spot gold rose by $2 an ounce to $1,233 an ounce as of 9:45 am in Asia.

The euro exchange rate slid to below $1.23 after Spains central bank said it would check financial ability of banks in the country.

Spain plans to sell as much as 3.5 billion euro ($4.3 billion) of 10- and 30-year bonds as the yield on the countrys benchmark 10-year bond has risen to the highest in almost eight years.

Crude oil futures for July delivery rose $0.73 a barrel to $77.67 a barrel.

In Asia, crude oil dropped to nearly $77 a barrel this morning

Vietnam Business And Financial News Network. Source [english.vietnamnet.vn]

More Vietnam Gold Market News:

• Vietnam Gold Surpasses VND28Mln/tael, Dollar Stays Flat
• Vietnam Gold Climbs Back 28Mln/tael, Dollar Unchanged
• June 9: Vietnam Gold Falls VND200,000/teal, Dollar Stays Flat
• Gold prices rising, people rush to sell gold to reap profit
• Gold loses its lustre for Vietnamese
• Vietnam gold price nearly hits 28 million dong per tael threshold
• Cambodian gold mine attracts Vietnamese enterprises
• Vietnam Gold, Dollar Prices Stay Flat on Thin Volume
• Vietnam Gold exports helped decrease May trade deficit
• Vietnam Gold Prices Gain VND150,000/Tael, Dollar Prices Stable May 25

Popular Vietnam Business News

Vietcombank H1 Pretax Profit of VND2,450B Meets 75 per cent of Year's Target

The Joint Stock Bank for Foreign Trade of Vietnam (VCB) made pretax profit of VND2,450 billion in the first half this year, fulfilling 75 per cent of its yearly target,

Bank For Agricultural Of Ho Chi Minh City

These are some of the leading stories in the official Vietnamese press on Tuesday. Reuters has not verified these stories. -- Partly private Dong A Bank said it made a

PetroVietnam Asked to Rebuild Financial Plan for Dung Quat Refinery

The US$3.1-billion refinery has to date produced gasoline A92, kerosene, diesel oil, and liquefied petroleum gas (LPG) for the market. The plant had sold a total of 5,630 tons of

Sheraton set for Nha Trang market entry

The Sheraton Nha Trang, located in the central coastal city of Khanh Hoa Province, will host its soft opening on March 19 to welcome both business and leisure travellers. The

Dana - Italy Steel JSC applies for listing shares on northern bourse

Hanoi Stock Exchange (HNX) announced to receive application profile for listing 15 million shares of Dana - Italy Steel Joint Stock Co on March 19, 2010. The company with chartered

Low-income Apartment Segment Attracts Investors

While the apartment block segment has not yet seen recovery; low-cost houses are attracting speculators attention, which has helped to form a sudden price hike in realty in the west

Vietnam garment exports set to rise as industry holds line on prices

Viet Nams garment industry has a worldwide reputation for making competitively priced and high quality garments, a survey conducted by the US-based non-profit group Kearny Alliance has found.

Vienam eeal estate developers race to build skyscrapers

Thirty-seven, sixty-eight, seventy, even 102 storeys - in Hanoi and Ho Chi Minh City, bigger and bigger buildings are reshaping the skyline. Most skyscraper projects have been developed by heavyweights

Advertisement