Tag: Gold prices
Gold prices plunged Thursday after the central bank said it would ask the countryâs largest gold trader to sell more gold in the market.
The State Bank of Vietnam said in a statement on its website that although the local gold market has stayed calm recently, gold prices onshore were still high compared to... Read more
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LookAtVietnam – Gold purchases remains low, even though the trading season has begun. People are avoiding gold while prices are overly high and many have turned to hoarding dollars.
The gold price fluctuatesAfter reaching its highest peak at 29 million dong per tael in November 2009, the gold price slid to 26.39 dong per tael on January 22, 2010. Since... Read more
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LookAtVietnam – The world gold price has decreased by 2.3 percent, forcing a domestic price drop to 26.65 million dong per tael.
Bar gold prices at 9.45 am of January 21, 2010 stood at 26.55-26.65 million dong per tael (purchase and sale). This represents a sharp fall of 300,000 dong per tael, or 1.1 percent over yesterday morning. In Hanoi, Rong Thang... Read more
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LookAtVietnam – Gold prices for 2009 broke records continuously, climbing to their highest level in history.
The decision to allow gold imports, released on November 11, successfully cooled the market.Here are the nine most outstanding features of the gold market from Thoi Bao Kinh Te Vietnam. Record-setting year The gold price increased steadily... Read more
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A bank staff counts US dollar notes at an Asia Commercial Bank branch in Ho Chi Minh City
The central bank has devalued the dong and raised interest rates earlier than expected in an attempt to rein in accelerating inflation and a widening trade deficit that is eroding confidence in the local currency.
The State... Read more
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LookAtVietnam - The central bank expected that allowing gold imports would force down the gold price, but it hasn’t turned out that way.
On November 24-25, gold was selling for 28.6 million dong per tael, an increase of about 33 percent since early June. Gold price hike blamed on deteriorating dollar/dong exchange rate Nguyen... Read more
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Soaring gold prices have prompted investors to switch to currently cheap stocks until things return to normal but analysts say only those with experience should dabble in a market riding on investor pessimism.
LookAtVietnam - Soaring gold prices this month have prompted investors to switch to currently cheap stocks until things return to normal but analysts... Read more
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LookAtVietnam - World gold prices continued to rise over the weekend causing a spike in the cost of domestic gold.
LookAtVietnam - World gold prices continued to rise over the weekend causing a spike in the cost of domestic gold. On November 21, domestic gold was officially traded at VND27.58 million per tael, an increase of VND780,000... Read more
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VietNamNet Bridge – The government’s announcement on the second stimulus package is helping sales of high grade apartments.
Hanoi’s real estate market is now quite different from two months ago. Previously, people rushed to purchase land in suburban areas of the city and refused to purchase apartments. Meanwhile, they are now scrambling for... Read more
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Under questioning by NA deputies on November 17, the State Bank Governor denied that it was an imbalance of supply and demand that caused gold prices to rocket recently.
State Bank Governor Nguyen Van Giau. Though almost all the questions for the governor were long, his answers were very short. Unsatisfied, several deputies rose in protest. A crazy... Read more
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