Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Gold prices bounce back after drop

Featured Replies

 

Picture4.jpg.2ab901565ace7e5b4f2ac220b6b881a7.jpg

 A person holds a tael of gold at a jewelry shop in Ho Chi Minh City. Photo by VnExpress/Quynh Tran

 

Gold prices bounced back Wednesday morning after closing Tuesday with a decline as global rates fluctuate around the previous historic peak as the Russia-Ukraine crisis continues.

 

VN Express reported that the state-owned Saigon Jewelry Company (SJC) sold its gold at VND72.82 million per tael ($3,187.92), up 1.11 percent from Tuesday afternoon. A tael equals 37.5 grams or 1.2 ounces.

 

DOJI jewelry chain sold its gold at VND72.5 million per tael, up 0.97 percent.

 

Gold prices in Vietnam climbed to a new peak of VND74.4 million Tuesday morning as global rates approached a historic peak, before dropping to VND72.02 million in the afternoon.

 

Globally spot gold fell 0.6 percent to $2,040.07 per ounce Wednesday morning. The previous record was in August 2020 at $2,072.49.

 

Vietnam was Southeast Asia’s largest gold bullion and coin market last year and among the top 10 globally.

 

The demand in the country exceeded 31.1 metric tons compared to 28.7 tons in Thailand and 19.8 tons in Indonesia, according to the World Gold Council.

 

Gold continued to be the top asset class for 72 percent of Vietnamese investors, the WGC said citing a study of 2,000 investors last year.

 

Join our 3 x a week Vietnam News, Travel and Expat information newsletter and keep up to date. https://aseannow.com/newsletter.php

 

 

 

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.