At 9:00 a.m. on November 13, Saigon Jewelry Company (SJC) announced the price of gold rings at 79.5 - 82.2 million VND/tael (buy - sell), down 400,000 VND/tael for buying and 200,000 VND/tael for selling compared to yesterday's closing price.
DOJI Gold and Gemstone Group listed the price of gold rings at 80.5 - 83.2 million VND/tael (buy - sell), unchanged from yesterday's closing price.
SJC gold bar prices remain unchanged. SJC Company and DOJI Gold and Gemstone Group announced the price of SJC gold bars at 80.5 - 84 million VND/tael (buy - sell), keeping the listed price for both buying and selling unchanged compared to yesterday's closing price.
Compared to the beginning of this week, the price of SJC gold bars has decreased by 1.8 million VND/tael, while gold rings have decreased by 2 million VND/tael.
In the world market, gold prices fell to their lowest level in nearly 2 months. Specifically, spot gold prices fell 0.7% to 2,600.93 USD/ounce at 2:23 a.m. on November 13 (Vietnam time).
During this session, there was a time when gold price decreased by 1% to 2,589.59 USD/ounce, the lowest level since September 20, 2024.
Meanwhile, the price of gold futures traded in the US decreased by 0.4% to close at 2,606.30 USD/ounce.
The dollar index rose to a more than four-month high in the session, making gold more expensive for holders of other currencies.
Bitcoin also rose amid investors' expectations that the currency will see a breakout when Donald Trump takes office in January 2025. US government bond yields also rose.
Despite the decline in gold today, Daniel Pavilonis, market strategist at brokerage RJO Futures, said that the gold market is still bullish in the long term. Current US policy is expected to cause inflation and if inflation continues to increase, gold will benefit.
Technically, Mr. Pavilonis predicts that the market is showing signs of preparing for a price increase, with support at around $2,600/ounce.
Implementing the directions of the Government and the Prime Minister, based on current legal regulations, in recent times, the State Bank has coordinated with ministries, branches and localities to comprehensively deploy solutions to handle the high difference in gold prices between international and domestic prices, stabilize the gold market, and contribute to stabilizing the macro economy.
In particular, it is recommended that the Ministry of Public Security, the Ministry of Industry and Trade, and the Ministry of Finance strengthen inspection, supervision, and monitoring according to their assigned functions, tasks, and powers; strictly handle violations of the law such as gold smuggling across the border, manipulation, profiteering, etc., causing instability in the gold market; organize direct bidding and sale of gold bars to supplement the supply of SJC gold bars to the market.
With the implemented solutions, the difference between domestic gold price and converted world gold price has decreased significantly.
In the coming time, the State Bank will continue to implement solutions to control the difference between domestic and international gold prices at an appropriate level under the direction of competent authorities.
Source: https://baohaiduong.vn/gia-vang-nhan-tiep-da-giam-397919.html
![[Photo] Prime Minister Pham Minh Chinh chairs Government Conference with localities on economic growth](https://vstatic.vietnam.vn/vietnam/resource/IMAGE/2025/2/21/f34583484f2643a2a2b72168a0d64baa)
Comment (0)