Gold Price Today

 


### **Analysis of gold prices in Vietnam (in today's terms)**

Gold prices in Vietnam are often determined according to the Vietnamese Dong (VND) and through the international gold price (USD/troy ounce). Today, on the present date, gold prices in Vietnam may experience the effects of the following influences:

1. **International market gold price:**

- If gold is getting more costly compared with the US dollar, then the price of gold in Vietnam may also incline.

- The gold price fluctuation in COMEX (Commodity Exchange) and on London Bullion Market gives a direct effect on the local market inside Vietnam.

2. **Exchange rate of Vietnamese Dong:**

- It will make the gold expensive as these imports become highly costly with the depreciation of Vietnamese Dong (VND) against the US dollar.

3. **Local demand and supply:**

- Festivals, weddings, and periods of investment draw people to increase their purchases, leading to a price hike in gold.

- Their imposition has an effect on prices as it is a restriction on importation or taxes by the government.

4. **Overall Economic Environment of the World:**

- Trading in gold might take a downward trend up if the interest rate of the US Federal Reserve (the Fed) has to be raised.

### **Approximate today of gold price in Vietnam**

- **24K Pure Gold Price**: around **5,800,000 to 6,200,000 VND/gram** (current market-dependent).

- **Decorative gold (Jewellery)** which is around **5,500,000-5,900,000 VND/gram** (as includes labour and design).

### **How is gold got in the Vietnamese market?**

Gold is not only ornamental in Vietnam, and in fact, serves as a form of safe investment. For Vietnamese people, this might be gold bought because of uncertainty looming in the economy. During the past years, the government of Vietnam has been implementing rather strict and rigid policies concerning regulated matters on gold importation and trading.

(This information is based on general analysis; check local news sources or gold exchange websites in Vietnam for actual prices.) 


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