Kalimantan Gold FY loss narrows

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Since early 2008, the global and local gold market has fluctuated strongly while Vietnam’s CPI has remained at a very high level, 11.6% in the past four months, so a large volume of money has been invested in gold.
According to some released reports, more than 82 tonnes of gold have been imported into Vietnam in the past four months, worth $1.56 billion.
In the past four months, the gold price has changed very powerfully, occasionally up to $1,000/oz in the international market and VND19.5 million/tael in the Vietnamese market.
According to the General Statistics Office, the gold price on April 2008 fell by 2.14% compared to March 2008 but it grew by 15.92% over December 2007, 41.02% over April 2007 and 112.99% over 2005.
The price of gold reached its peak on March 17, 2008 when SJC gold was sold for VND19.40 million/tael, the highest level in Vietnam so far; but it has gradually decreased to VND17.8 million/tael at present.