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A significant gold deposit estimated to hold approximately 1,444 tonnes of reserves, valued at nearly US$193 billion, has been identified in China. This monumental find is the largest for the nation since 1949. The Discovery The find, termed as the Dadonggou…
The price of gold in Vietnam saw a significant increase on Tuesday, reaching its peak since October 21st. This uptick was reflective of a global surge in gold prices, spurred by the anticipation of the U.S. government’s resumption. Saigon Jewelry Company…
On Tuesday morning, the price of gold in Vietnam dropped, even as global rates remained stable. A notable drop was seen in the gold bar from Saigon Jewelry Company, which decreased by 0.53%, making its current price VND148.2 million (US$5,628.34) per tael.…
In the third quarter, global gold demand experienced a 3% annual increase, amounting to 1,313 metric tons. This marked the highest level of demand ever recorded, primarily driven by a surge in investment demand, reported the World Gold Council. Spot Gold…
The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), is currently considering whether to hold onto or sell a portion of its substantial gold reserves. This comes following comments from Benjamin Diokno, a member of the bank’s Monetary Board…
In the face of global uncertainty, Australians in Sydney have been flocking to buy gold, a traditionally regarded safe-haven investment. Long queues have formed outside gold bullion stores as people patiently wait their turn to secure this precious metal.…
Despite a global decline, the price of gold bars in Vietnam saw a slight increase last Saturday morning. The Saigon Jewelry Company reported a 0.47% rise in the price per tael of their gold bars, reaching VND149.2 million (US$5,671.93). Simultaneously, the…
In a shocking turn of events, gold prices experienced their most significant daily drop in five years, resulting from investors cashing in their gains after the precious metal reached an unrivaled high in the preceding trading session. On Tuesday, spot gold…
Vietnamese gold bar rates experienced a climb on Monday morning, following a decrease over the weekend. Saigon Jewelry Company, a notable gold bar trader in the region, saw prices rise by 0.33%, bringing their rates up to VND151.5 million (US$5,750.62) per…
For five straight days, Hoai, a 38-year-old self-employed individual, has been among the throng of hopeful buyers outside a Hanoi gold shop on Tran Nhan Tong Street. The majority of these people, much like Hoai, end up leaving without any gold in their hands.…
The price of gold in Vietnam continued its upward trend on Thursday morning, with global rates reaching a new high. The price of Saigon Jewelry Company’s gold bar increased by 0.41%, reaching VND148.6 million (US$5,642.15) per tael. The price of gold rings…
In central Vietnam, a gold and jewelry store has been hit with a substantial fine of VND55 million (US$2,088.08) and has been instructed to obliterate its existing stock for engaging in the sale of falsified Chanel brand jewelry. Counterfeit Jewelry Seized…
On Wednesday, the price of gold in Vietnam saw a further increase, continuing its upward trajectory in the wake of record-high global bullion rates. The Saigon Jewelry Company raised the price of its gold bars by 0.42% to VND142.5 million (equivalent to…
Spot gold prices surged by 0.7%, reaching $4,011.18 per ounce, while December gold futures also climbed 0.7% to $4,033.40 per ounce, highlighting the enduring appeal of the precious metal amidst ongoing global uncertainties. Gold’s Resilient Rise Amidst…
China’s largest jewelry retailer Chow Tai Fook Jewelry Group is setting its sights on Singapore with the launch of a premium store, marking a significant step in its global expansion strategy. With nearly a century of experience, the Hong Kong-listed company…
The Thai government is weighing a tax on physical gold trading as a strategy to temper the surging value of the baht, a move that could have significant repercussions for the country’s export and tourism sectors. Discussions are ongoing between the Bank of…
