Local gold prices dip to six-week low on weak buying

Local gold prices dip to six-week low on weak buying

“In this context, many gold trading companies are turning to jewellery to boost their revenues. However, the market is not bright due to the shortage in supply of gold materials.

“Material supply for gold jewellery is currently falling short and is dependent on the floating sources that cause instability of production. We would like to ask the State Bank of Vietnam (SBV) to allow the companies to import gold materials for domestic jewellery production in order to reduce the current domestic shortage.”” Tran Nhu My, DOJI’s Director, to Dau Tu newspaper.

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