Bullion recovers to VND35 million

The price of gold in Vietnam rebounded to above VND35 million a tael (1.2 ounces) on January 2 after diving to VND34.75 million a tael in the last day of 2013.

Saigon Jewelry Company purchased gold at VND34.99 million per tael and sold at VND35.05 million per tael as of 11.43 am this morning.

Domestic gold price climbed due to a hike of US$8.8 an ounce in global price in the last trading session in 2013. On December 31, domestic gold price plummeted to VND34.25 million for buying and VND34.75 million for selling.

By Ham Yen – Translated by Thuy Doan

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