On the afternoon of April 22, Saigon Jewelry Company (SJC) listed the price of gold bars at 122 - 124 million VND per tael, an increase of 2 million compared to the morning and 6 million VND compared to the day before. PNJ also raised the price of this type of gold following SJC. Thus, gold bars have set a new price record. The difference between buying and selling prices remains at 2 million VND.
The price of plain gold rings is maintained by SJC at around 116.5 - 119.5 million VND per tael. PNJ reports this type of gold at 117 - 120 million VND. The difference in buying and selling prices of this type of gold is maintained by businesses at 3 million VND.
Previously, the precious metal fluctuated strongly in the morning session, increasing by 4.5 million VND compared to yesterday. This morning, two Bao Tin Minh Chau gold shops on Tran Nhan Tong street were crowded with people lining up to buy. Each customer was only allowed to buy 1 tael at a time. The shop asked customers to leave after getting the ticket to reduce the load. The staff here said that the number the shop issued in about 2 hours was about 200.
Domestic gold prices increased immediately after the price of this precious metal in the international market set a new peak. At the end of the trading session on April 21, the world spot gold price increased by 96 USD to 3,423 USD per ounce. In the morning session on April 22, the market continued to rise, reaching a new record high of 3,448 USD, converted according to Vietcombank exchange rate of 108.4 million VND per tael.
The gap between domestic and world gold prices is more than VND12 million. Gold prices rose due to a weaker USD and increased demand for safe havens as US-China trade tensions escalated. The USD fell to a three-year low against other major currencies. The weak dollar makes gold more attractive to buyers using other currencies.
The dollar fell as investor confidence in the US economy declined after President Donald Trump repeatedly criticized Federal Reserve Chairman Jerome Powell. On the social network Truth Social, Mr. Trump called Powell a "big loser" and warned that the US economy would slow down if interest rates were not cut "immediately."
TB (summary)Source: https://baohaiduong.vn/gia-vang-mieng-len-124-trieu-dong-409964.html
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