The domestic price of gold reached VND18.6 million per tael, even as high as VND18.88 million in some places on June 7, after the world’s gold prices spiked last night.
Gold at the Hanoi Gold, Silver and Gem Stone Company is currently sold for VND18.4-18.6 million per tael, up VND20,000/tael compared with transactions on June 6. In particular, PNJ-DAB gold rose by VND25,000/tael to VND18.8 million per tael.
In Ho Chi Minh City, free market gold prices on June 7 suddenly jumped to VND18.65-18.75 million per tael, VND310,000/tael above the final price on June 5.
In contrast to gold prices which are strictly controlled by the State Bank of Vietnam, the buying price for one US dollar on the free market in districts No 3 and No 5, Binh Thanh and Phu Nhuan in Ho Chi Minh City unpredictably decreased on June 7 to VND17,100-17,600, down VND650-1,000 compared to the previous day.
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