Gold Price Set New Record

On Feb 7, Saigon Jewelry Co. (SJC) gold price reached VND10.74 million (US$675.89) a tael (1.3 ounce). This is an increase of VND490,000 a tael compared to the end of January.

Despite a continuous increase in gold price, the purchasing power of gold products in the domestic market on Jan 7 is still at high level.

The gold price on the global market reached US$570 an ounce, equal to VND11.037 million a tael.

Thus, the domestic gold price was VND297,000 a tael (including the customs and processing taxes) lower than the global one.

T.N – Translated by: Trong Khuong

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