Gold regains, stocks plummet heavily

Gold regains, stocks plummet heavily

The price of gold in Vietnam recouped the VND41 million per tael mark on October 2 as global recovered after declining for several trading sessions due to a weakening US dollar.
Stocks up, gold down

Stocks up, gold down

The Vietnam’s stock market extended winning streak to a third consecutive trading session on August 30 whereas the price of gold in Vietnam slid by VND300,000 per tael (1.2 ounces) as global bullion price cooled down.
Gold, stocks decline simultaneously

Gold, stocks decline simultaneously

The price of gold in Vietnam retreated from the recently-made record high of VND43 million per tael (1.2 ounces) on August 27 as global bullion price failed to maintain at a more-than-six-year high.
Gold depreciates VND900,000 per tael

Gold depreciates VND900,000 per tael

The price of gold in Vietnam plummeted by nearly VND1 million per tael (1.2 ounces) over the previous day on August 14 as global gold price fell off US$1,500 an ounce.
Gold cools down

Gold cools down

Thanks to rising momentum in global gold price, the price of gold in Vietnam continued to advance by nearly VND300,000 per tael to VND42.5 million per tael in the morning on August 9 then cooled down to just above VND42 million per tael.
Gold hits VND41 million per tael

Gold hits VND41 million per tael

The price of gold in Vietnam jumped to VND41 million (US$1,762.38) per tael (1.2 ounces) on August 6 as global bullion price hit six-year highs due to increasing safe-haven demand amid escalating trade war between the US and China.
Gold, dollar drop while stocks climb after Fed cuts interest rate

Gold, dollar drop while stocks climb after Fed cuts interest rate

The price of gold in Vietnam fell by nearly VND500,000 per tael (1.2 ounces) on August 1 as global gold price plummeted after the US Federal Reserve decided to cut interest rate of the US dollar by 0.25 percent to 2-2.25 percent per annum due to low inflation pressure and impacts caused by movements in the world after its two-day meeting at the end of July.
Gold hits six-year high

Gold hits six-year high

The price of gold in Vietnam rocketed to VND39 million per tael (1.2 ounces) on June 21, the highest level in the past six years, after global bullion price hit US$1,400 an ounce.
US dollar supply, gold price increase

US dollar supply, gold price increase

The exchange rate between the US dollar and Vietnamese dong was listed at VND22,868 at the end of January, an increase of VND40 per dollar from a level of VND22,828 at the beginning of January.

Customers buy gold at a jewelry shops in An Duong Vuong street, District 5 on February 25, a day before God of Wealth Day (Photo: SGGP)

Gold price drops after God of Wealth Day

After strongly increasing to exceed VND37.5 million a tael on God of Wealth Day, the tenth day of the first lunar month every year falling on February 26 this year, SJC gold price has dropped by nearly VND500 a tael.