The price of gold in Vietnam fell by VND150,000 a tael on February 22 over the closing price last week.
Saigon Jewelry Co., the biggest gold shop in Vietnam, bought gold at VND26.6 million and sold at VND26.68 million.
The domestic price was VND700,000 a tael higher than the global price.
The company’s representative said the gold import had arrived at its bonded warehouse and would be sold next week once the domestic price equals global prices.
On the free market, the dollar was bought at VND19,350 and sold at VND19,400.
Globally, bullion was at US$1,121.7 an ounce at 5pm Vietnamese time February 22, an increase of $4.6 an ounce over the closing price last week.
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