At the end of the trading session on January 31, the price of SJC 9999 gold bars in Ho Chi Minh City was listed at VND75.4 million per tael for buying and VND77.9 million per tael for selling. Meanwhile, the price of SJC 4-digit 9 gold bars was listed in Hanoi at VND75.4 million per tael for buying and VND77.92 million per tael for selling.

Meanwhile, the price of SJC gold bars traded at DOJI in Hanoi at the end of the session on January 31 was listed at 75.25 million VND per tael for buying and 77.85 million VND per tael for selling.

The international spot gold price on the Kitco floor at 9:20 p.m. on January 31, Vietnam time was at $2,043.3 per ounce. The gold price for April 2024 delivery on the Comex New York floor was at $2,060.4 per ounce.

Gold prices today, February 1, on the world market continued to increase due to increasing instability in the Middle East. Domestic gold prices continued to increase despite the cooling of the USD/VND exchange rate.

On the stock market , at the end of the trading session on January 31, the VN-Index decreased by 15.34 points, down to 1,164.31 points. The HNX-Index decreased by 1.49 points, down to 229.18 points. The UPCoM-Index decreased by 0.16 points, down to 87.69 points.

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USD price goes down (Photo: Hoang Ha)

The central exchange rate between the Vietnamese Dong and the US dollar announced by the State Bank on January 31 was 23,991 VND/USD, down 32 VND compared to the previous session. The USD price at commercial banks on January 31 decreased sharply, listed at the end of the session around 24,225-24,595 VND/USD (buy - sell).

In line with the trend, the world USD price also decreased. The DXY index - measuring the strength of the USD compared to 6 major currencies - at 9:16 p.m. on January 31, Vietnam time was at 103.29 points, down 0.1% compared to the previous session.

Oil prices on the world market continued to decline on February 1, following the previous session's decline. Oil prices fell as weak economic activity in China, the world's largest crude oil consumer, weighed on investor sentiment.

In the domestic market, retail prices of gasoline products this afternoon will be applied according to the new price level.

According to leaders of some petroleum companies, domestic petroleum prices in today's adjustment period are likely to increase following the trend of world petroleum prices.

If the regulatory agency does not spend the Petroleum Price Stabilization Fund, domestic gasoline prices could increase from VND920 to VND1,080 per liter. Accordingly, the price of RON 95 gasoline could exceed VND24,000 per liter. Meanwhile, diesel prices could increase from VND680 to VND770 per liter.

In case the Ministry of Industry and Trade - Ministry of Finance spends the Stabilization Fund, the gasoline price may increase less.