Gold prices on December 4 soared to VND36.7 million/tael, after the world price of gold rose by 2.1 percent. One expert predicts gold prices may increase to US$1,900 per ounce in the future, much high than the current price of US$1,413 per ounce.
At closing time on December 4, domestic gold prices were listed at VND36.5-36.6 million/tael. SJC gold at Sacombank was listed at VND36.45-36.7 million/tael.
In Hanoi, SJC gold at Sai Gon Jewelry Company stood at VND36.4-36.52 million/tael, and Thang Long Dragon gold at Bao Tin Minh Chau Company was transacted at VND36.5-36.62 million/tael.
On the verge of reaching VND36.7 million/tael, gold prices on December 4 increased by VND500,000/tael compared to the previous day and by VND800,000/tael against transactions early in the week.
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