Gold extends losing trend

SGGP
After declining by VND1.3 million per tael the previous day, the price of gold in Vietnam continued to drop by VND1-1.4 million per tael to VND63.5 million per tael on September 28, following the losing momentum of the global gold price.
Gold extends losing trend ảnh 1 Illustrative image (Photo: SGGP)
Mi Hong Company listed SJC gold at VND63.1 million per tael for buying and VND64.4 million per tael for selling, down VND1.4 million per tael in the buying rate and VND1.1 million per tael in the selling rate, at around 9 a.m. in Ho Chi Minh City.

At the same time in Hanoi, SJC Company bought gold at VND63.5 million per tael and sold it at VND64.7 million per tael, down VND1.1 million per tael in the buying rate and nearly VND1 million per tael in the selling rate.

However, at around 11.30 a.m., the losing momentum of SJC gold price was reduced by gold trading companies compared to the morning. Specifically, in Hanoi, SJC Company listed gold price at VND64.2 million per tael for buying and VND65.2 million per tael for selling, an increase of VND800,000 in the buying rate and VND500,000 in the selling rate compared to in the morning.

Meanwhile, in HCMC, Mi Hong Company only increased the gold price by VND400,000 in the buying rate and VND100,000 in the selling rate compared to in the morning, to buy gold at VND63.5 million and sold gold at VND64.5 million.

By Nhung Nguyen – Translated by Thuy Doan

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