VINACHEM

Domestic gold prices continued to enjoy a considerable increase on January 24 to close at VND62 million per tael with just a few days to go ahead of the Lunar New Year of Tet.

The prices of gold at the Saigon Gold and Jewelry Company were being traded at VND61.3 million per tael for the buying rate and VND61.95 million per tael for the selling rate, up VND150,000 and VND200,000 per tael, respectively, compared to the previous recorded rate.

Simultaneously, DOJI Group also raised their buying price to VND61.25 million and their selling price to VND61.85 million per tael, representing an increase of VND150,000 per tael compared to the transactions one day earlier.

As part of the global market, gold prices on the morning of January 24 hovered at approximately US$1,836.6 per ounce, a drop of US$5.4 per ounce from the previous trading session, and equivalent to VND50.35 million per tael when converted in the domestic exchange rate.

Meanwhile, in the local forex market the State Bank of Vietnam also moved to adjust the exchange rate of major foreign currencies, with US$1 being exchanged for VND23,062, a decline of VND15 per US$ from transactions which took place on January 23.

• Source: VOV -