Gold jewelry on display in a shop in Ho Chi Minh City. Photo by VnExpress/Thanh Tung
Vietnam gold price went up Friday afternoon as global rates increased.
Saigon Jewelry Company gold bar price rose 0.47% to VND85.8 million per tael. A tael equals 37.5 grams or 1.2 ounces.
Gold ring price gained 0.36% to VND84.7 million per tael.
Globally gold prices rose, supported by a dip in the dollar and rising geopolitical tensions, but remained set for their biggest monthly decline in more than a year following Donald Trump’s U.S. election victory, Reuters reported.
Spot gold was up 0.8% at $2,661.14 per ounce, while U.S. gold futures also gained 0.8% to $2,660.80.
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