Vietnam 

Gold selling price rise varies from store to store – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Gold selling prices witnessed an increase at some stores while in others unchanged on God of Wealth Day, the 10th day of the Lunar New Year, which fell on February 14 this year. Legend has it that the God of Wealth returns to heaven on this day, so Vietnamese people have a tradition of buying gold for luck and prosperity throughout the year. On Thursday, DOJI Gold & Gems Group JSC listed the gold buying and selling prices at VNĐ36.60 and…

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Vietnam 

Gold selling price’s rise varies from store to store on God of Wealth day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Customers buy gold for luck at Bảo Tín Minh Châu Jewellery and Gemstone Company. Viet Nam News HÀ NỘI — Gold selling prices witnessed an increase at some stores while in others unchanged on God of Wealth Day, the 10th day of the Lunar New Year, which fell on February 14 this year. Legend has it that the God of Wealth returns to heaven on this day, so Vietnamese people have a tradition of buying gold for luck and prosperity throughout the year. At 8:15 this morning,…

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Vietnam 

Gold shops prepare for sales surge – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Gold demand is expected to surge today, the God of Wealth Day which falls on the 10th day of the lunar year. Legend has it that the god returns to heaven on this day every year, and people think buying some gold brings good luck and prosperity throughout the year. Gold and jewellery companies have stocked up on gold pieces with the words Phúc (Happiness), Lộc (Prosperity) or Tài (Wealth) and the images of the 12 animals of the zodiac inscribed…

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Vietnam 

Gold market heats up ahead of God of Wealth Day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The domestic gold market is heating up with gold shops introducing various products to take advantage of huge demand on the God of Wealth Day, which falls on the 10th day of the Lunar New Year (February 14). Legend has it that the God of Wealth returns to heaven on the 10th day of the new year, so Vietnamese have a tradition of buying gold for luck and prosperity throughout the year. Representatives from DOJI Gold & Gems Group joint stock company (DOJI) said…

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Home 

China joins global central bank gold rush as its foreign exchange reserves stabilise

China has joined a global central bank gold rush in the last two months by increasing its official gold reserves, even though the purchase remains modest compared to the volume of the mainland’s foreign exchange reserves, according to data released by the People’s Bank of China on Monday. The country’s gold reserves rose slightly to 59.94 million ounces at the end of January from 59.56 million ounces at the end of December 2018, marking a second straight month of increase. The latest gold purchase by the world’s second-largest economy came…

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Home 

What to do with a lai see windfall? How about a whirl on Hong Kong’s new micro gold trading platform GoldZip

Hong Kong’s local gold exchange will introduce in March a new trading platform called GoldZip which will allow investors to trade in units as small as a single gram for HK$300 (US$38), in an effort to raise the appeal of the yellow metal among younger retail investors. Chinese Gold and Silver Exchange Society president Haywood Cheung Tak-hay told the Post that GoldZip will adopt blockchain technology to enable trading in amounts smaller than 1 tael, the current minimum trade on the exchange. The platform will accept Hong Kong dollars, US…

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Singapore 

Windshield damage causes Scoot flight for Gold Coast to return to Singapore after three hours into journey, Singapore News

SINGAPORE – A Scoot flight carrying 341 passengers between Singapore and Gold Coast was forced to return to Changi Airport on Wednesday morning (Jan 30). Flight TR6, which was scheduled to depart at 10.20pm and took off at around 10.35pm on Tuesday, sustained some damage on the exterior of the front windshield during the flight. A decision was made for the plane to return to Singapore about three hours into the flight as a safety precaution, Scoot said in a statement. There was no air leak or loss of cabin…

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Singapore 

Scoot flight from Gold Coast to Singapore diverted to Sydney after unruly man punches fellow passenger, Singapore News

A Scoot flight from Gold Coast to Singapore was diverted to Sydney Airport on Monday (Jan 21) due to a disruption caused by an unruly passenger on board. Flight TR7 was scheduled to reach Singapore at 3.15pm on Monday, but it was diverted just 1h 20 min into the eight-hour flight. In a statement on Monday, Scoot said that an Australian man on board punched another passenger. Crew members and other passengers stepped in to break up the fight. “The unruly passenger was eventually subdued with two restraining kits, with…

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Home 

Gold price rises above US$1,300 as investors rush for sanctuary amid the bloodbath in global stock markets

Gold pierced the US$1,300 level to extend a new year rally. Investors flocked to the metal with global equities in retreat, signs of a slowdown stacking up, and the oldest of havens showing its mettle as exchange-traded funds draw in increased flows. Futures spiked as much as 0.4 per cent to US$1,300.40 an ounce on the Comex, the highest price since June, and were at US$1,297.80 at 11:21am in Singapore. Spot prices were not far behind, hitting as much as US$1,298.60. Silver also surged, hitting the highest since July. Gold…

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Vietnam 

Lào Cai Gold JSC to trade on UPCoM – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Minh Lương mine gold, which is managed by Lào Cai Gold JSC. — Photo vtc.vn Viet Nam News HÀ NỘI — The Lào Cai Gold JSC has gained approval from the Hà Nội Stock Exchange to trade its 10.5 million shares on the Unlisted Public Company Market (UPCoM), making it the first gold miner to trade on the Vietnamese equity market. The decision was announced on Tuesday. Lào Cai Gold JSC will trade with code GLC. The debut date for the firm remains unknown. Lào Cai…

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