The difference between buying and selling prices of SJC gold bars has narrowed.

Each tael of SJC gold bar today increased by more than 1 million VND to 75 million, while USD in banks also increased strongly.

SJC gold prices remained flat early in the morning of January 11 but increased sharply in the afternoon session. Each tael of gold bar at Saigon Jewelry Company (SJC) increased by VND1.3 million for buying and VND800,000 for selling at the end of the day, up to VND72.8 - 75.3 million per tael. At DOJI Jewelry Group, the price of gold bars also increased to VND72.75 - 75.25 million.

After two weeks of maintaining the high difference between buying and selling prices at 3 million VND per tael, today gold shops have narrowed the gap to 2.5 million. However, this is still a large gap compared to the normal level of only a few hundred thousand VND per tael before the gold price "fever".

Gold rings also increased today but at a lower rate. SJC gold rings of type 1-5 only increased by 100,000 VND to 62 - 63.1 million VND per tael. 99.99% jewelry gold increased to 61.9 - 62.8 million VND. At DOJI, 9999 round rings increased to 62.55 - 63.5 million VND and 9999 jewelry increased to 62.15 - 63.25 million VND.

Currently, the world spot gold price is around 2,030 USD per ounce, converted according to Vietcombank's selling rate, equivalent to 60.3 million VND per tael. The difference between domestic and world gold bar prices is around 15 million VND per tael, while domestic gold rings are 2.8 million VND higher than world prices.

In the foreign exchange market, the USD prices at banks and freely traded also increased. Compared to the beginning of this year, Vietcombank's exchange rate has increased by more than 200 VND, equivalent to an increase of 0.9%. Today, Vietcombank increased sharply by 80 VND to 24,265 VND, selling at 24,635 VND.

The black market price of USD has also been increasing in recent days. Currently, USD buying and selling points on the free market are buying at 24,750 VND and selling at 24,850 VND, an increase of nearly 100 VND compared to the beginning of the year.

Quynh Trang

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