Gold prices increased by VND800,000 on May 14 to hit a two-month high even as they inched down in the global market.
|Local gold prices in increase while it is down in the world (Photo: C. Tuong)|
The bid and ask rates for bullion from Saigon Jewelry Co (SJC), Vietnam’s biggest producer, were VND36.4 million VND36.7 million a tael (37.5 grams) yesterday.
They were VND36.35 million and VND36.7 million at DOJI Corporation outlets.
Meantime, global prices fell slightly to US$1,296 an ounce.
Vietnamese prices have always been higher, and with this the gap widened to VND3.75 million a tael at the Vietcombank exchange rate.