Gold price suddenly dropped sharply on God of Wealth day

This morning (February 7), the price of gold suddenly dropped sharply to 89 million VND/tael, right on the day of the God of Wealth. Many stores opened at 5am to welcome customers to buy gold.

At 5am, gold trading enterprises such as Saigon Jewelry Company, Doji Group, Bao Tin Minh Chau Company Limited... decreased gold price piece SJC to 86.4 - 89.6 million VND/tael for buying and selling, down 1.8 million VND/tael compared to yesterday morning.

In which, the buying price decreased faster than the selling price, so the difference between buying and selling price increased to 3.2 million VND/tael instead of 3 million VND/tael yesterday morning.

Gold trading units adjust prices gold ring from 1 - 1.8 million VND/tael. Specifically, Bao Tin Minh Chau Company listed the price of gold rings at 86.1 - 89.5 million VND/tael for buying and selling.

Gold prices suddenly dropped sharply on God of Wealth day (photo: Nhu Y).

Phu Quy Gold and Gemstone Group listed the price of gold rings at 86.3 - 89.5 million VND/tael.

SJC Company listed the price of gold rings at 86.4 - 89.5 million VND/tael... The difference between the buying and selling price of gold rings increased to 3.1 - 3.45 million VND/tael.

At the same time, the price of gold world listed at 2,850 USD/ounce, down 19 USD/ounce compared to yesterday morning.

In the currency market this morning, Bank State listed central rate at 24,425 VND/USD, up 30 VND/USD compared to yesterday morning.

At commercial banks, prices USD increased sharply. Specifically, Vietcombank, the USD price is listed at 25,070 - 25,430 VND/USD, an increase of 120 VND for buying and 20 VND for selling.

VietinBank increased both buying and selling prices by 126 VND per USD, raising the USD price to 25,040 - 25,400 VND/USD.

Other banks such as Techcombank, Eximbank, VPBank also sharply increased the USD buying and selling prices from 127 VND to 295 VND. After adjustment, the USD buying price is currently in the range of 25,055 - 25,090 VND/USD and the selling price is around 25,435 - 25,565 VND/USD.

Of which, VPBank is the bank that adjusted the USD price the strongest when increasing 155 VND in buying price and 295 VND in selling price to 25,055 - 25,565 VND/USD.

On the free market, the USD exchange rate increased to 25,610 - 25,710 VND/USD, an increase of 160 VND compared to yesterday morning.

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