Gold price hit record

July 25, 2011 | 13:09

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Vietnam’s gold price this morning soared to fresh record high of VND39.76 million per tael, driven by sudden surge of global price.

Sai Gon Jewellery (SJC) quoted purchase/sale prices of VND39.67-39.76 million per tael, up VND250,000 against yesterday’s afternoon, at 09:00 am.

Sacombank Jewellery Co (SBJ) posted the prices up VND250,000 to VND39.66-39.74 million per tael at 09:25 am.

Puchase price rose VND260 per tael to VND39.67 million in Phu Nhuan Jewellery, while sale price up VND250,000 to VND39.72 million.

Thang Long Dragon gold at Bao Tin Minh Chau was quoted at VND36.62-39.72 million, adding VND230,000.

This morning, the metal hit the new record at $1,632 per ounce on negative progresses of U.S. debt-ceiling talks.

According to Bloomberg’s report last week, global bullion could hit to high record due to debt woes in America and EU that urge investors seeking for shelter. Of the 32 analysts involved in its survey, 16 said the price would rise this week, while nine expected a decline and seven were neutrals.

Vietnamese central bank applied the interbank interest rate at VND20,608 per USD for July 25.

By Hai Linh

vir.com.vn

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