Gold prices slumped in the local market on November 18 while the prices of the US dollar soared in the unofficial market.

Compared to the previous day's rate, a tael of gold or 1.205 ounces of the brand SJC lost 140,000 VND (6.2 USD) in the selling side, trading at 33.28 million VND (1,480.9 USD).

On the buying side, the price of each tael also declined 140,000 VND (6.2 USD), trading at 33.05 million VND (1,470.7 USD).

The gap between selling prices and buying prices on November 18 was 230,000 VND (10.2 USD). The gap from early this week was about 100,000 VND (4.4 USD).

In the foreign exchange market, while the dollar prices were stable in most of the commercial banks, the rates soared in the unofficial market, passing the ceiling price of the State Bank of 22,547 VND per dollar.

The commercial bank of Vietcombank sold each dollar for 22,500 VND and bought at 22,420 VND, the same rate as November 17.

(Source: VNA)