Gold Price in Vietnam: How Much Does 1 Kg Cost in Indian Rupees?
Introduction
Gold is a valuable and highly sought-after precious metal, and its price can fluctuate depending on various factors such as supply and demand, economic conditions, and geo-political tensions. In Vietnam, gold is a popular investment option, and many investors keep an eye on the gold price. If you're interested in investing in gold in Vietnam and want to know how much 1 kg of gold costs in Indian rupees, you're in the right place.
Gold Price in Vietnam
The gold price in Vietnam is influenced by global market trends and can vary depending on the purity of the gold. 24K gold, which is 99.9% pure, is the most popular type of gold in Vietnam. The current gold price in Vietnam is around VND 43 million (approximately INR 1.4 million or USD 18,000) per tael, which is equivalent to 37.5 grams.
Converting 1 Kg of Gold to Indian Rupees
To calculate the price of 1 kg of gold in Indian rupees, we need to convert the price from Vietnamese dong (VND) to Indian rupees (INR). As of the current exchange rate, 1 VND is approximately equal to 0.033 INR.
Assuming 1 kg of 24K gold costs around VND 43 million per tael, we can calculate the price of 1 kg as follows:
1 kg = 1000 grams 1 tael = 37.5 grams So, 1 kg = 1000 / 37.5 = approximately 26.67 taels
Now, let's calculate the price of 1 kg of gold in VND: 26.67 taels * VND 43 million per tael = approximately VND 1,147,710,000
To convert this amount to Indian rupees, we multiply it by the exchange rate: VND 1,147,710,000 * 0.033 = approximately INR 37,890,530
Conclusion
In conclusion, the price of 1 kg of 24K gold in Vietnam is approximately VND 1,147,710,000 or INR 37,890,530, based on the current exchange rate. Please note that gold prices can fluctuate rapidly and may change by the time you read this article. It's essential to check the current gold price in Vietnam and the exchange rate before making any investment decisions.
