HANOI, May 7 (NNN-VNA) – Vietnam’s gold price set a new record high today, reaching 87 million Vietnamese dong (3,425 U.S. dollars) per tael, local media reported.
At 9:30 a.m. local time today, Saigon Jewelry Company (SJC) Limited, reported an increase of 500,000 dong per tael, with SJC gold now trading at 84.8 million to 87 million dong per tael.
DOJI quoted SJC gold at 84.6 million to 86.1 million dong per tael, up 300,000 dong per tael from yesterday’s trade.
The gold ring prices slightly increased by 150,000 to 250,000 dong today.
A tael equals 37.5 grams or 1.2 ounces.
Last Friday, the State Bank of Vietnam postponed the fourth gold auction, as only one bidder submitted a tender. This was the third time the monetary authority has taken such action.– NNN-VNA
