Domestic Price Of Gold

On the domestic front, the gold was recovered VND2 million tael higher than the world price.

The currency markets, the dollar rapidly expanding free access to the market this morning. U.S. currency was bought VND21, 020 and sold at VND21, 080, an increase of VND60 per dollar compared to the previous day at 10:10 in Hanoi.

Meanwhile, the rate of commercial banks remained unchanged for several days.

Internationally, gold fell heavily on signs that European banks have sufficient liquidity until the end of the year, easing concern that the debt crisis in the region will get worse.

The European Central Bank, in coordination with international policy makers to lend dollars to banks to help manage the credit crisis. Meanwhile, Germany and France gave assurances that Greece was still part of the European Union and China indicated that it would buy the bonds in euros.

Gold for immediate delivery fell to $ 31.3 an ounce, or 1.7 percent, to close at $ 1790.8 per ounce on the Comex in New York.

In Asia, the metal continued south on the trading session this morning. Spot gold trimmed $ 20.2 an ounce to trade at $ 1768.4 per ounce at 10:50 pm, Vietnamese.

Holdings in SPDR Gold Trust, the largest exchange-traded fund backed by bullion, fell 0.6 tons to 1,241.3 tons.

The euro exchange rate against the dollar much restored, reaching $ 1.39 a euro in Tokyo this morning of $ 1.37 yesterday.

Crude oil futures delivery in October was $ 0.25 per barrel, closing in New York trading of $ 89.65 a barrel in New York Mercantile Exchange at 10:40 Vietnamese time.