Customers buy gold at a gold store in Hanoi. (Photo: SGGP)

Gold remains sparkling

Both global and domestic gold prices set an all-time high in the first half of August this year, then declined sharply. Thus, after nearly 9 years of stability, the gold market has been vexed again amid the context that the global economy has been turned upside down due to the Covid-19 pandemic. Moreover, the recent trade tensions between the US and China have made this precious metal sparkle again.
Gold declines by VND1.35 million per tael

Gold declines by VND1.35 million per tael

The price of gold in Vietnam lost nearly VND1.4 million per tael compared to the previous day on August 19, whereas the global gold price increased.
Gold strengthens by more than VND1.6 million per tael

Gold strengthens by more than VND1.6 million per tael

Saigon Jewelry Company bought gold at VND56.5 million per tael and sold at VND58.15 million per tael, an increase of VND1.4 million per tael in buying rate and VND1.65 million per tael in selling rate compared to the previous day, at 5 p.m. on August 18.
Gold declines by more than VND3 million per tael

Gold declines by more than VND3 million per tael

The price of gold in Vietnam continued to vaporize by more than VND3 million per tael compared to the previous day to trade at nearly VND55.5 million per tael on August 11.
Gold surpasses VND50 million per tael

Gold surpasses VND50 million per tael

The price of gold in Vietnam escalated for six consecutive trading sessions on July 7, sending the metal to an all-time high after many gold trading companies listed their prices at above VND50 million per tael (1.2 ounces).