HANOI, Jul 19 (NNN-VNA) – Vietnam’s Saigon Jewelry Company (SJC), gold bar price, increased by over three million Vietnamese dong (118 U.S. dollars), to 80 million dong (3,160 dollars) per tael, yesterday, after staying flat for more than one month, local media reported.
SJC listed gold prices at 78.5 million dong (3,103 dollars) per tael for sellers and 80 million dong for buyers. The prices went up by 2.52 million dong (99 dollars) and 3.02 million dong (119 dollars) per tael, respectively, compared to Wednesday’s trade.
DOJI gold and jewellery corporation, quoted SJC gold at the same prices yesterday morning.
Gold ring price went up 0.81 percent to 77.5 million dong (3,061 dollars) per tael yesterday.
A tael equals 37.79 grams or 1.33 ounces.
Since last month, the State Bank of Vietnam has sold gold bars directly to four state-owned commercial banks and SJC, which distribute the gold bars to retail buyers.– NNN-VNA
