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Gold prices ascend new peak

Vietnam’s gold prices peaked anew Monday as global rates soar to an all-time high amid the worsening coronavirus pandemic.

Ngày đăng: 17 tháng 3, 2021
Cập nhật: 27 tháng 1, 2023
Lượt xem: 47966114
Nguồn: vnexpress

State-owned Saigon Jewelry Company sold its popular SJC gold at VND56.7 million ($2,472) each 37.5 grams (1.2 ounces) Monday morning, up 3% from Saturday.

The country's largest jewelry company, DOJI, sold at 56 dong.55 million ($2,466), an increase of 2.8 percent.

A DOJI spokesperson said prices are changing hourly with the number of transactions increasing over the past few days as customers queue at the store.

The global rate has increased by 1.5 percent to $1,928.83, surpassing the previous high of $1,920 in September 2011.

The Covid-19 outbreak continues to worsen with more than 16.13 million cases globally and 644,836 deaths, fueling expectations of more stimulus measures to cushion the economic blow.

"As long as the (virus situation) gets worse, the market is discounting more stimulus for a longer period of time and in bigger quantities, and all of that is bullish for gold," Reuters quoted Edward Meir, analyst at ED&F Man Capital Markets, as saying.


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