Domestic gold price increased sharply May 13 by VND150,000 per tael. The boom is said to have been triggered by the sudden hike in the world gold price.
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| SJC gold |
In early morning trading, a tael (1.2 ounces) at SJC saw prices increase for buying and selling to VND140,000 and VND150,000 respectively.
An SJC tael is now bought at VND20.02 million (about US$1,125) and sold at VND20.09 million ($1130).
The rise is blamed on the hike in the world gold price, which suddenly climbed from $913 to $927 an ounce in the morning, which forced local gold sellers to adjust the domestic gold price accordingly.
