Vietnam Business News

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• U.S. gold also inched up 0.1 percent to $1,748
• Gold price hit an all time high of Rs 55,500 per tola in Nepal
• Gold price to open at 16,210 HK dollars per tael on Thursday
• Thailand gold prices for Dec 01
• Several gold bullion processors cease production
• India gold futures rose by more than half a per cent on Wednesday
• Spot gold edged up 0.1 percent to $1,748.46 an ounce
• Gold rose to the highest in almost two weeks after central banks’ liquidity drive
• Dec 01: Vietnam gold jumps up to 45.4m dong, dollars stable
• Cbank keeps all gold bullion brands at equal rate

U.S. gold also inched up 0.1 percent to $1,748 Posted: 30 Nov 2011 11:00 PM PST Spot gold prices traded steady on Thursday, retaining their 1.7 percent gain in the previous session, as joint action by the world’s major central banks to boost dollar liquidity spurred rallies in commodities and equities. FUNDAMENTALS * Spot gold edged up 0.1 percent to $1,748.46 an ounce by 0022 GMT, after finishing November with a [...]

Gold price hit an all time high of Rs 55,500 per tola in Nepal Posted: 30 Nov 2011 10:30 PM PST Gold price hit an all time high of Rs 55,500 per tola (11.664 grams) in the domestic market on Wednesday, compounding woes of jewelers who were already facing drop in sales. The yellow metal beat the previous high of Rs 55,404 per tola set on Nov 16 by around Rs 100 per tola. "Gold became [...]

Gold price to open at 16,210 HK dollars per tael on Thursday Posted: 30 Nov 2011 10:30 PM PST The gold price in Hong Kong went up 350 HK dollars to open at 16,210 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,750.09 U.S. dollars a troy ounce, up 37.79 U.S. dollars at the latest exchange rate of one U.S. dollar against [...]

Thailand gold prices for Dec 01 Posted: 30 Nov 2011 10:02 PM PST The Gold Traders Association this morning set the buying price at 25,029.16 baht per baht-weight for gold ornaments and 25,400 baht per baht-weight for gold bar. The selling prices were set at 25,900 baht per baht-weight for gold ornaments, and 25,500 baht per baht-weight for gold bar.

Several gold bullion processors cease production Posted: 30 Nov 2011 09:55 PM PST Even though the government's new decree on the management of gold trading has yet to take effect, some gold bullion producers have temporarily halted their processing work. The CEO of a major gold trader in Ho Chi Minh City told VnExpress that the State Bank of Vietnam used to allocate quotas for businesses to import [...]

India gold futures rose by more than half a per cent on Wednesday Posted: 30 Nov 2011 09:34 PM PST India gold futures rose by more than half a per cent on Wednesday to hit their highest level in two weeks on firm global leads fanned by a weaker rupee at home. Silver traded down following sharp declines in copper, the other industrial metal. The most-traded gold for December delivery on the Multi Commodity Exchange [...]

Spot gold edged up 0.1 percent to $1,748.46 an ounce Posted: 30 Nov 2011 09:30 PM PST Spot gold prices traded steady on Thursday, retaining their 1.7 percent gain in the previous session, as joint action by the world’s major central banks to boost dollar liquidity spurred rallies in commodities and equities. FUNDAMENTALS * Spot gold edged up 0.1 percent to $1,748.46 an ounce by 0022 GMT, after finishing November with a [...]

Gold rose to the highest in almost two weeks after central banks’ liquidity drive Posted: 30 Nov 2011 09:08 PM PST Gold rose to the highest in almost two weeks on Wednesday after top central banks announced a co-ordinated move to avoid a global liquidity crunch, and the dollar fell. Centrals banks from the world’s leading economies, including the U.S. Federal Reserve and the European Central Bank, said they had agreed to lower the cost of [...]

Dec 01: Vietnam gold jumps up to 45.4m dong, dollars stable Posted: 30 Nov 2011 08:54 PM PST Vietnam gold this morning December 01 strongly jumped up to 45.4 million dong a tael (1.2 ounces) as world gold rose to the highest in almost two weeks last night. Local dollar prices were still kept at 20,803 dong for 30 working days, unchanged from Oct 28. By 8:30 a.m Hanoi time, Saigon Jewelry Company, [...]

Cbank keeps all gold bullion brands at equal rate Posted: 30 Nov 2011 08:52 PM PST People holding gold bullions of brand names other than that of Saigon Jewellery Co can exchange their precious metal for SJC gold bullions at equal price, the State Bank of Vietnam has said. The decision came after the central bank stated in its draft decree on the management of the gold trading market that SJC [...]

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