Gold prices continued to rise in Vietnam Thursday on the back of higher global prices propelled by a sharp rise in crude oil prices.
To add to consumers’ woes, dairy producers also announced price hikes.
Saigon Jewelry Company’s gold prices rose by VND220,000 (13.76US$) per tael (1.25 oz) to VND12.84 million (801US$).
Globally, the precious metal gained 20US$/ounce over Wednesday to close at 678US$.
Analysts attributed this to the rise in international crude prices to over 60US$/barrel.
Source: Thanh Nien
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