Vietnam gold prices fall on November 11; SJC selling price drops to VND 139.5 million per tael
Domestic gold prices across Vietnam fell on the morning of November 11. At 9:15 a.m., several companies were selling SJC gold for VND 139.5 million per tael, down VND 1.4 million from the previous trading day's close. International gold prices also declined, while the State Bank of Vietnam raised its central exchange rate by VND 11 per USD.
After trading opened on the morning of November 11, domestic gold prices in Vietnam fell. At 9:15 a.m., Saigon Jewelry Company and Doji were both buying SJC gold at VND 136.5 million per tael and selling it at VND 139.5 million per tael, down VND 1.4 million from the previous trading day's close.
SJC gold was selling for VND 139.5 million per tael.（VietVance）
Phú Quý was buying SJC gold at VND 136.5 million per tael and selling it at VND 139.5 million per tael, down VND 900,000 and VND 1.4 million, respectively. Its gold rings were quoted at VND 136.5 million to VND 139.5 million per tael, down VND 900,000. Bảo Tín Minh Châu quoted gold rings at VND 135.5 million to VND 139.5 million per tael, down VND 1.3 million. Gold dealers maintained a spread of VND 3 million to VND 4 million per tael between buying and selling prices.
Meanwhile, the international gold price hovered around USD 4,041 per ounce, down more than USD 80 from the same time a day earlier. Converted at Vietcombank's USD exchange rate, the international price was about VND 125.7 million per tael, nearly VND 13.8 million below the SJC gold price.
In the foreign exchange market, the State Bank of Vietnam set the central exchange rate at VND 25,611 per USD, up VND 11 from the previous trading day's close. Vietcombank, VietinBank and Eximbank each raised their USD buying and selling rates by VND 30; BIDV raised its rates by VND 40.
Source: VietVance
