Home Laos Commodities

Local gold price goes up

Nov 26th at 14:27
26-11-2013 14:27:14+07:00

Local gold price goes up

The price of gold jewellery rose to 5.7 million kip per baht weight (15.244g) yesterday at Vientiane's Talatsao Mall.

A gold trader at Talatsao Market said the price of gold was fluctuating this month according to prices on the world market.

“Every day, the price of gold is unpredictable but it doesn't mean it is largely changed,” she said.

In Thailand, the purchase price per baht weight was at 18,480.04 baht (4.6 million kip) yesterday and the sale price was about 19,250 baht (4.7 million kip), according to the Gold Traders Association of Thailand.

Buyers purchasing with a view to stockpiling long-term will likely seize the opportunity to buy gold jewellery at a cheaper price.

Almost every weekend, several gold stores at Talatsao Mall in Vientiane are packed with shoppers.

vientiane times

MOST READ

NEWS SAME CATEGORY

Car dealers face stronger competition
COMMODITIES Nov 21st at 13:46

Car dealers face stronger competition

Car dealers have begun adjusting their sales and promotion plans amid lower purchasing power and rising business competition.

Processed products to provide industry sugar hit
COMMODITIES Nov 19th at 10:41

Processed products to provide industry sugar hit

One of Savannakhet province's two raw sugar factories is set to begin producing processed sugar next year in a move that could reduce the cost of sugar products in...

Hombandon rice growers seek export markets
COMMODITIES Nov 18th at 13:36

Hombandon rice growers seek export markets

Growers of Hombandon rice (Ban Don Brand) in Don village, Pakngum district, Vientiane, are hoping to sell the rice in other countries if it is certified under the...

Rice price up in Xieng Khuang
COMMODITIES Nov 11th at 13:55

Rice price up in Xieng Khuang

Rice traders in Xieng Khuang province are reaping the spoils of high demand for the crop, with rice prices well up on the same period last year.

Gold price steadily rising
COMMODITIES Nov 7th at 15:02

Gold price steadily rising

Gold jewellery was selling at more than 5.2 million kip per gold baht (15.244g) yesterday at Vientiane's Talatsao Mall, with buyers purchasing with a view to...

Big Japanese demand for Lao silk, cotton goods
COMMODITIES Nov 4th at 13:53

Big Japanese demand for Lao silk, cotton goods

Lao traditional silk and cotton products are still in great demand in the Japanese market, although orders for raw silk and cotton have gone down.

Lao coffee growers reap bitter harvest after prices plummet
COMMODITIES Oct 22nd at 13:57

Lao coffee growers reap bitter harvest after prices plummet

Lao coffee growers look likely to suffer losses from this year's harvest after coffee prices plummeted on the world market.

Noodles a fried festival favourite
COMMODITIES Oct 18th at 13:57

Noodles a fried festival favourite

They are a children's favourite every year and add a bit of colour and spice to the boat racing festival – yes, the smell of fried noodles is wafting over Vientiane...

Savannakhet rice gets thumbs up from foreign buyers
COMMODITIES Oct 16th at 13:46

Savannakhet rice gets thumbs up from foreign buyers

Savannakhet rice has proven to be of high enough quality to sell on the international market, opening up export opportunities in the region and as far afield as...

Isuzu sales still going strong
COMMODITIES Oct 9th at 14:02

Isuzu sales still going strong

The pickup truck remains the most popular choice of vehicle in Vientiane, due to its ride, comfort and practicality, and those in the market for a new pickup need...

Read More

MOST READ

Back To Top