Gold Market News

Domestic Gold Price Soars as Jewelry Stores Lift Prices   2008-02-12
Many private jewelry stores in Ho Chi Minh City opened for their first trading day On February 10 after the New Lunar Year Holiday, or Tet, and listed their gold prices far beyond world rates.

Gold price continues downward trend   2008-02-06
A Vietnamese goldsmith holds a gold bracelet at a shop in Hanoi Local gold price experienced a decrease on Monday as its global market price suffered a strong downturn over the past few days.

Gold prices fall; further drop likely   2008-02-05
Gold prices on the domestic market continued to slump yesterday by around VND400,000 per tael from prices a week ago, with buy/sell prices at around VND17.4-17.5 million (US$1,087-1,093) per tael.

Ministry mulls over amending mining rules   2008-02-04
The Ministry of Finance intends to submit a decree to the Government in favour of amending current regulations on the management of mineral exploitation in Viet Nam.

Dubai gold traders pin hopes on shopping fete   2008-01-28
Dubai’s shopping festival is expected to help boost gold jewellery sales in the Gulf emirate, but a new surge in prices may dampen demand, jewellers and officials said yesterday.

Gold Price Hits New Record of VND17.78 Mln   2008-01-28
The domestic gold price hit a new record of VND17.78 million (US$1,100) a tael on January 24 after a modest decrease some days ago.

Central Bank sets limits on local gold production   2008-01-28
Vietnamese enterprises are entitled to produce 63.4 tons of gold bars at most in 2008, according to an official quota just released by the State Bank of Viet Nam, the country’s central bank.

State Bank allocates 62 tonnes in gold quota to country's suppliers   2008-01-25
The State Bank of Viet Nam has allocated this year's quotas to suppliers of precious metals and gemstones.

Gold Price Drops Against Heavy Buying - VietNam   2008-01-24
Saigon Jewelry Holding Company (SJC)’s gold yesterday fell by VND220,000 (US$13.7) to close at VND16.85 million (US$1.053) a tael while transactions have unexpectedly jumped by 40% over the previous day.

Gold Futures Top $900 as Dollar Drops; Platinum Jumps to Record   2008-01-24
Gold topped $900 an ounce in New York for the first time in a week after the dollar dropped against the euro, boosting the appeal of the precious metal as an alternative investment. Platinum futures surged to a record.

Gold tops $910/oz, platinum hits record high   2008-01-24

Gold Fall Sparks Buying   2008-01-23

Gold struggles to hold gains, off 3-week lows   2008-01-23

Gold rebounds smartly on Fed Rate cut   2008-01-23

Gold hits 11-day low as euro weakens vs dollar   2008-01-21

US Dollar Mixed in Europe, Gold Down   2008-01-21

Gold falls as U.S. measures fail to spark buying   2008-01-20

GOLD'S TAKEN QUITE THE TUMBLE   2008-01-16