Slight rise in gold

Price of gold in Vietnam rose by VND100,000 per tael (1.2 ounces) over the previous day on February 15 while global price moved flat as investors became cautious about the situation in Greece.

Sacombank Jewellery Company bought gold at VND44.4 million and sold at VND44.75 million as of 9 am Vietnamese time.

Saigon Jewellery Company, Vietnam’s biggest gold processor and trader, collected the metal at VND44.6 million and sold at VND44.8 million as of 9.07 am Vietnamese time.

Hanoi-based Phu Quy Jewellery Company purchased SJC-brand gold at VND44.72 million and sold at VND44.82 million as of 9.27 am Vietnamese time.

Meanwhile, Bao Tin Minh Chau Jewellery Company quoted price at VND43.7 million for buying, and VND43.95 million for selling at 10.39 am Vietnamese time.

Domestically, gold fetched around VND1.4 million a tael, higher than global price.

Dollars were bought at VND20,810 per dollar, and sold at VND20,840 per dollar, down VND10 per dollar in buying price over the previous day on the free market.

Meanwhile, Vietcombank purchased the greenback at VND20,810 per dollar, and sold at VND20,870 per dollar, a drop of VND10 per dollar in buying price, and VND20 per dollar in selling price over the previous day.

Internationally, gold almost tread water as investors remained guarded after signs of a possibility that Greece would be rescued from bankruptcy became vague again. Yesterday, Eurozone leaders cancelled their Wednesday face-to-face meeting to take decision on the fate of Greece because the country has yet to convince them of its ability to stick to reforms needed to secure a bailout.

Gold for immediate delivery fell as much as $0.8 an ounce to close at $1,721.1 an ounce.

Gold futures for April settlement sank $7.2 an ounce, or 0.4 per cent, to finish at $1,717.7 an ounce on the Comex in New York.

In Asia, spot gold was traded at $1,725.4 an ounce, up $3.3 an ounce over the closing price in New York last night, at 9.30 am Vietnamese time.

SPDR Gold Trust, the largest exchange traded fund backed by bullion, sold around 0.4 metric tons of gold, reducing its holdings to 1,278.3 metric tonnes, as per company website.

The euro exchange rate against the US dollar fell to just above $1.31 a euro in Tokyo this morning from nearly $1.32 the previous day.

Crude oil futures lost $0.37 a barrel to trade at $100.56 a barrel at 10.05 am Vietnamese time.

By Thuy Doan

Other news

Most view

The VN-Index of the Ho Chi Minh Stock Exchange (HoSE) rose 21.12 points on July 18 (Photo: VNA)

VN-Index rises over 21 points

The VN-Index of the Ho Chi Minh Stock Exchange (HoSE) rose 21.12 points on July 18, with 223.9 million shares worth over 4.9 trillion VND (211 million USD) traded. 


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.