VietBF - Gold sets record high at $2,746 per tael

11/18

HÀ NỘI — Gold has been reported to reach a record high on Wednesday, selling at VNĐ62.15 million per tael (0.0377kg) or US$2,746.

The price hike seemed to apply to the domestic market as global prices only experienced a slight increase. In the afternoon, the price went down to VNĐ61.85 million, marking a difference in price of VNĐ11 million between global and domestic markets. As of Thursday morning, price has gone up to VNĐ62.15 million per tael.

According to Tô Thanh Hiệp, general director of Sacombank-SBJ, the price hike was a result of a surge in demand among Vietnamese buyers.

"Buyers face increased risk as the price in the domestic market is much much higher than of the global market," he said.

This is the highest price recorded for gold since August 2020. — VNS