DNVN - The morning trading session on November 18 recorded a significant increase in the prices of gold bars and gold rings.
Domestic gold market
At 9:00 a.m., Saigon Jewelry Company (SJC) announced that the price of SJC gold bars reached 81 - 84 million VND/tael (buy - sell). Compared to the closing price of the weekend on November 16, this price increased by 1 million VND/tael for buying and increased by 500,000 VND/tael for selling.
DOJI Gold and Gemstone Group also announced the same price of SJC gold bars at 81 - 84 million VND/tael (buy - sell). Compared to the previous trading session, the price increased by 1 million VND/tael for buying and 500,000 VND/tael for selling.
The domestic gold ring price also tends to increase significantly. SJC Company listed the gold ring price at 80.5 - 83 million VND/tael (buy - sell), an increase of 700,000 VND/tael in both directions compared to the closing session last weekend.
On the contrary, at DOJI Group, the price of gold rings remained the same as the previous session, maintained at 81.4 - 82.7 million VND/tael (buy - sell).
World gold market
On the international market, at 1:42 a.m. on November 16, Vietnam time, the spot gold price decreased slightly by 0.1% to 2,565.49 USD/ounce. This week, the price of the precious metal has decreased by more than 4%.
For US gold futures, a similar decline of 0.1% brought prices to $2,570.10 an ounce. With the US dollar hitting its strongest level in more than a month, gold became less attractive to investors who do not use the US dollar.
Gold Price Forecast
According to experts, the world gold price next week is expected to remain stable and tend to recover. Along with that, the domestic gold bar price is expected to increase within the range of 500,000 - 1.5 million VND/tael, because the gap between domestic and international gold prices is still large. Only when the world gold price surpasses the 2,650 USD/ounce mark, will the domestic gold bar price be able to return to the price range of 86 million VND/tael.
Cao Thong (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-ngay-18-11-vang-mieng-vang-nhan-tang-manh/20241118094545920
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