Gold prices go up on local market
Gold prices continued to rise in the local market on the last day of July, reaching near VND58 million (US$2,532) per tael (1.2 ounces). Prices in other markets followed the same trend.
On July 31, Saigon Gold and Jewelry Company listed each tael of SJC gold at VND56.60 million for buying and VND57.90 million for selling.
While Phu Quy Group rated its buying price at VND56.50 million with a sales price of VND57.60 million per tael, Doji Group and Bao Tin Minh Chau Gold Firm listed the buying prices of each tael VND56.50 million and VND56.45 million respectively while they sold gold at the rates of VND57.58 million and VND57.65 million per tael.
The prices of each tael of the yellow metal were up more than VND3 million from last week's rate.
On the global gold exchange Kitco, the prices soared to another high at $1,969 ($2,372 per tael) on the gold exchange Kitco.