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Gold prices rise on Monday

Apr 29th at 13:16
29-04-2014 13:16:06+07:00

Gold prices rise on Monday

The gold prices rose in both the local and international markets on April 28, although the forex rate was kept stable by the State Bank of Viet Nam (SBV).

 

The gold price in Viet Nam added VND280,000, or US$13.3, per tael from the beginning of last week. In the local market, one tael of gold of the state-owned Saigon Jewellery Company (SJC) was selling at 35.67 million, or $1,698.

Meanwhile, the global gold price climbed to its highest in the past one-and-half weeks on Monday, steadying above $1,300 an ounce, as weaker equities and the escalating geopolitical tensions in Ukraine boosted the metal's safe-haven appeal.

According to the gold trading floor Kitco.com, the valuable metal was listed at $1,302 per ounce or $1,568 per tael.

Thus, each tael of gold in Viet Nam was $130 higher than in the world market.

On the same day, Vietcombank and the other commercial banks maintained an exchange rate of VND21,120 per US dollar, the same as last week.

The SBV kept the US dollar's exchange rate at VND21,036 on Monday, the same rate for nearly 10 months.

vietnamnews

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