The surge is being attributed to a sharp increase in the demand for gold while the supply is being tightened.
At noon, gold prices at several major companies in Hanoi and HCM City surpassed VND25 million/tael, up VND250,000/tael from this morning’s figure.
In Hanoi, the gold price at Phu Quy Jewelry and Gem Stones Company and Bao Tin Minh Chau Jewelry Company remained at 24.94 mil/tael (purchase price) and VND25mil/tael (selling price).
In HCM City, the SBJ gold price at Saigon Commercial Bank (Sacombank) was VND24.89 million/tael (purchase) and VND24.97 million/tael (selling). The purchase price of SJC, listed by Saigon Jewelry Holding Company, was VND24.88 million/tael while the selling price was VND24.98 million/tael.
It is predicted that the world’s gold price will remain steady until the new trend of the US dollar exchange rate is announced.