Saigon Jewelry Company bought gold at VND32.93 million and sold at VND32.98 million as of 5:45 am local time.
At the same time, Sacombank Jewelry Company announced the prices at VND32.93 million for buying and VND32.99 million for selling.
Meanwhile, Hanoi-based Phu Quy Jewelry bought SJC-brand gold at VND32.93 million and sold at VND33 million.
Bao Tin Minh Chau purchased the metal at VND32.9 million and sold at VND33 million.
Yesterday, the State Bank of Vietnam announced new regulations which tighten gold borrowing and lending activities.
The US dollar exchange rose by VND90-100 per dollar over the previous day on free market in Hanoi. Dollars were bought at VND20,300 and sold at VND20,340 this morning.
Globally, gold recovered as the greenback weakened, spurring the demand for the metal as an alternative asset.
Gold for immediate delivery rose as much as US$19.1 an ounce, or 1.4 percent, to close at $1,345.1 an ounce on the Comex in New York.
In Asia, the precious metal declined by $4 an ounce over the closing price in New York to around $1,341 an ounce as of 9:50 am Vietnamese time.
The greenback dropped after the US Federal Reserve conducted a survey among economists about the size of the asset-purchase program in the next six months.
Estimates for the size of the Fed’s asset-purchase program range from $1 trillion at Bank of America-Merrill Lynch to $2 trillion at Goldman Sachs Group Inc. Economists at both firms agree the Fed may start by announcing a $500 billion plan.
The euro exchange rate against the US dollar climbed to $1.4 a euro in Tokyo this morning, from $1.38 an ounce the previous day.
Last night, SPDR Gold Trust, world’s largest exchange-traded fund backed by bullion, suddenly sold 5.2 metric tons of gold, reducing its holdings to 1,293.1 metric tons, the lowest level in more than the past half month.
Crude oil futures for December settlement rose $0.24 a barrel to $82.18 a barrel on the New York Mercantile Exchange.
This morning, crude oil fell to below $82 a barrel as the Asian stock markets slumped.
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