(VOV) - Domestic gold prices rose sharply to VND43.8 million/tael on August 21.
In HCM City, SJC gold was listed at VND43.45-43.55 billion/tael in the morning and at VND43.6-43.74 million/tael in the afternoon.
PNJ gold of DongA Bank fetched VND43.5-43.8 million/tael, while SBJ gold was traded at VND43.5-43.7 million/tael and Bao Tin Minh Chau dragon at VND41.3-41.6 million/tael.
In the global market, after many stable transactions at round US$1,600 /oz, gold prices suddenly went up to US$1,639 when the US dollar exchange rate was down.
Such gold price fluctuations were considered widest in three months and attributed to SPDR’s bulk purchase of 4.23 tonnes to raise its reserve to 1,278.96 tonnes.