Vietnam Business News

---

• Pakistan gold rates remained lower
• India silver prices fell on sluggish demand, global cues
• India gold futures fall 0.50% on Friday
• Central bank eases off gold ban
• Race for mobilising gold, non-dollar deposits raises new risks
• Nickel futures prices fell by 0.48% today
• Zinc prices fell by 0.35% to Rs 99.75 per kg in the futures market today
• Gold futures ended lower Friday as stocks fizzle
• ‘Black Friday’ sees gold prices drop
• Gold prices extended losses on profit-booking, silver also slips

Pakistan gold rates remained lower Posted: 25 Nov 2011 11:30 PM PST Gold rates remained lower on Wednesday in major bullion markets of the cities as its international price dropped to $ 1,687 an ounce. The price of 10 grams gold plunged by Rs 175 to Rs. 47,825. According to Karachi Saraf Association official, the price of tola (11.664 grams) closed at Rs 55,800 on Wednesday. On [...]

India silver prices fell on sluggish demand, global cues Posted: 25 Nov 2011 11:23 PM PST Silver prices tumbled by Rs 572 to Rs 54,679 per kg in futures trading today, as traders reduced their holdings, triggered by a weak trend at spot market on sluggish demand. A weak trend overseas also influenced the trading sentiment. At the Multi Commodity Exchange, silver for delivery in December tumbled by Rs 572, or 1.04 per [...]

India gold futures fall 0.50% on Friday Posted: 25 Nov 2011 11:00 PM PST Tracking a weakening global trend, gold prices fell by Rs 144 to Rs 28,725 per 10 grams in futures trade today as speculators off-loaded their positions driven by a weak global trend. Trading a sentiment turned bearish after gold declined in global markets as deepening euro zone debt crisis shifted investors demand from bullion to [...]

Central bank eases off gold ban Posted: 25 Nov 2011 10:48 PM PST The State Bank of Viet Nam said it would allow gold bullion already on the market to be traded even when a stricter regulation comes into effect at the beginning of next year. The central bank was responding to traders’ concerns that some types of gold bullion would not be allowed to be traded when [...]

Race for mobilising gold, non-dollar deposits raises new risks Posted: 25 Nov 2011 10:44 PM PST The gold and non-dollar deposit interest rates have been escalating in recent days, signaling a new interest rate race among banks. Experts have warned that the race will distort the monetary market and raise new risks for the banking system. Vietnam Tin Nghia and Saigon Joint Stock Bank are offering the sky high interest rate [...]

Nickel futures prices fell by 0.48% today Posted: 25 Nov 2011 10:28 PM PST Nickel futures prices fell by 0.48% today, after speculators reduced their positions, triggered by a weak trend at the spot markets owing to slackened demand from alloy-makers. However, a firming trend in metal at the London Metal Exchange (LME) limited the losses. At the Multi Commodity Exchange, the delivery in November fell by Rs 4.30, [...]

Zinc prices fell by 0.35% to Rs 99.75 per kg in the futures market today Posted: 25 Nov 2011 10:25 PM PST Zinc prices fell by 0.35% to Rs 99.75 per kg in the futures market today despite the metal strengthening on the London Metal Exchange (LME). On the Multi Commodity Exchange, for December delivery, zinc edged lower by 35 paise, or 0.35%, to Rs 99.75 per kg in 83 lots. For December contract delivery, the metal also [...]

Gold futures ended lower Friday as stocks fizzle Posted: 25 Nov 2011 10:05 PM PST Gold futures ended lower Friday, as gains for stocks and oil futures fizzled and a rising U.S. dollar kept the metal under $1,700 an ounce. Gold for December delivery retreated $10.20 or 0.6%, to settle at $1,685.70 an ounce on the Comex division of the New York Mercantile Exchange. On the week, gold lost 2.3%. The [...]

‘Black Friday’ sees gold prices drop Posted: 25 Nov 2011 09:51 PM PST Gold Prices were headed for a second weekly drop Friday lunchtime, after falling as low as $1672 per ounce – 7.2% down on its November high – while stocks, commodities and government bond prices also fell as Belgium became the latest country to be sucked into the European sovereign bond crisis. New York’s Comex Gold Futures [...]

Gold prices extended losses on profit-booking, silver also slips Posted: 25 Nov 2011 09:20 PM PST Gold prices extended losses on profit-booking in Friday’s trade at the domestic bullionmarket amid lower buying interest from jewellers and stockists on the back of falling European market. Silver also witnessed heavy speculative sell-off following reduced industrial offtake. Standard gold (99.5 purity) dropped by Rs 225 per 10 grams to finish at Rs 28,415 from Thursday’s [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610