| Gold prices are increasing continuously, Hanoi people still line up to buy gold for investment. Gold prices are increasing uncontrollably, 999.9 gold rings are sold for 77.20 million VND/tael. |
Gold price at noon on May 12, on the world market, closing the weekend session, the world spot gold price stood at around 2,360 USD/ounce. Last week, the world gold price witnessed the second consecutive week of strong increase, with an increase of nearly 59 USD/ounce compared to the closing session of the previous weekend.
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| World gold price chart |
Last week, the world gold price only decreased in the middle of the week, the remaining sessions increased. The main reason for the increase in the world gold price is the continued increase in demand for hoarding by people and central banks.
Following the report, markets increased the likelihood of the Fed cutting rates for the first time in September to 71%, according to the FedWatch tool.
Investors are looking ahead to remarks from several Fed officials this week for further clues on the US central bank's monetary policy pivot, said Ricardo Evangelista, senior analyst at ActivTrades.
In the domestic market, the price of SJC gold bars plummeted again after a meteoric rise yesterday.
Specifically, the price of SJC gold bars at Phu Nhuan Jewelry Joint Stock Company was traded at around 87.20 - 89.70 million VND/tael for buying and selling, down 1.6 million VND/tael for buying and down 1.4 million VND/tael for selling compared to yesterday. The difference between buying and selling narrowed to 2.5 million VND/tael.
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| Gold price traded at Phu Quy Group |
The price of SJC gold bars at Phu Quy Group is traded at around 87.20 - 89.60 million VND/tael for buying and 89.60 million VND/tael for selling, down 1.8 million VND/tael for buying and down 1.6 million VND/tael for selling compared to yesterday.
SJC gold price listed by Bao Tin Minh Chau Company and Bao Tin Manh Hai Company is around 87.10 - 89.50 million VND/tael for buying and 1.7 million VND/tael for selling compared to yesterday.
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| Gold price traded at Bao Tin Manh Hai Company |
SJC gold price listed by Bao Tin Manh Hai Company is around 87.00 - 89.50 million VND/tael for buying and 1.7 million VND/tael for selling compared to yesterday.
Along with the decrease in SJC gold price, the price of 999.9 gold rings today has been on a sharp decline with prices depending on each business. Specifically, the price of 999.9 gold rings (24k), Thang Long gold dragon gold bars, and plain round rings at Bao Tin Minh Chau Company is trading at 75.43 - 76.93 million VND/tael for buying - selling, down 100 thousand VND/tael for buying and down 100 thousand VND/tael for selling compared to yesterday.
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| In the domestic market, the price of SJC gold bars plummeted after a meteoric rise yesterday. |
Similarly, Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings of Bao Tin Manh Hai Company are trading around 75.43 - 76.93 million VND/tael for buying and selling, up or down 200 thousand VND/tael for buying and down 200 thousand VND/tael for selling compared to yesterday.
The price of Phu Quy 999.9 round gold ring and Phu Quy 1 tael 999.9 of Phu Quy Group is trading around 75.75 - 77.20 million VND/tael; down 100 thousand VND/tael for buying and down 100 thousand VND/tael for selling compared to yesterday.
Source: https://congthuong.vn/gia-vang-hom-nay-lao-doc-vang-sjc-giam-con-8960-trieu-dongluong-319612.html
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