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Gold price drops, forex rate at 17,700 dong/US dollar   2009-03-17 - VNE

The domestic gold price yesterday March 17 continued to fall slightly by 20,000 dong per tael (1.2 oz) to 19.52 million dong per tael against previous day. The US dollar price also dropped by 10 dong to 17,700 dong/US dollar.


At Saigon Jewellery Joint Stock Co, the SJC gold price was listed at 19.45 million dong/tael (as buying price) and 19.54 million dong/tael (as selling price).

At Bao Tin Minh Chau Co, the selling price remained unchanged at 19.52 million dong/tael meanwhile the buying price listed at 19.42 million dong/tael, falling by 10,000 dong per tael day on day.
At ACB gold trading floor, the trading price was 19.385 million dong/tael with the trading volume of about 14,720 taels worth 285.34 billion dong.

As for foreign currency market, the US dollar price dropped by 10 dong against previous day to 17,680-17,700 dong per US dollar (buying and selling price) in the free market.

According to the State Bank of Vietnam (SBV), the quoted forex rate was 16,977 dong/US dollar in the interbank market and it was 17,485-17,486 dong/US dollar at commercial banks.

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