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An individual holds a tael of gold at a jewellery store in Ho Chi Minh Metropolis. Photograph by VnExpress/Quynh Tran
Vietnam gold costs rose to a brand new excessive Tuesday on the again of worldwide charges hovering due to rising worldwide tensions over the Ukraine state of affairs.
The Saigon Jewellery Firm (SJC) was promoting its gold at VND63.85 million ($2,798) per tael at 3 p.m., up 1.03 % from Monday. A tael equals 37.5 grams or 1.2 ounces. It then fell to VND63.6 million on the time of publishing.
DOJI offered its gold at VND63.65 million, up 0.71 %.
Within the world market, gold rose 0.2 % to a close to nine-month excessive of $1,909.33 per ounce, as tensions intensified in Jap Europe intensified after Russia ordered troops into breakaway areas of japanese Ukraine, supporting demand for safe-haven bullion.
“With the state of affairs deteriorating seemingly by the day in Jap Europe, there’s little or no cause to be detrimental on gold in the meanwhile,” mentioned Jeffrey Halley, a senior market analyst at OANDA.
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