Gold prices soar on July 9
The prices of the yellow metal kept soaring in the local market on July 9, reaching VND50.55 million (US$2,195) per tael (1.2 ounces). The prices also went up on the global market.
On July 9, the Saigon Gold and Jewelry Company listed each tael of SJC gold at VND50.15 million – VND50.55 million (buying - selling), with another VND200,000 for both buying and selling sides from a day before.
On the same day, Phu Quy Group rated the yellow metal at VND50.15 million – VND50.48 million (buying – selling) while Doji Group listed theirs at VND50.15 million – VND50.45 million (buying – selling). Those prices were up between VND120,000 to VND150,000 from July 8.
Bao Tin Minh Chau Gold Firm in Ha Noi increased rates by VND150,000 per tael to VND50.03 million and VND50.58 million (buying – selling) compared to July 8’s rates.
Though the gold prices were that high, Bao Tin Minh Chau Gold Firm still recorded higher rates of buyers than sellers at 55 and 45 per cent, respectively.
On July 9, gold prices rose $2.8 to reach $1,810 per ounce ($2,181 per tael) on the gold exchange Kitco.