This morning (November 21), the price of SJC gold bars continued to increase sharply by nearly 1 million VND/tael to nearly 86 million VND/tael.
Saigon Jewelry Company listed SJC gold bar price 82.7 - 85.7 million VND/tael for buying and selling, up 700,000 VND/tael compared to yesterday morning.
Other gold trading businesses such as Bao Tin Minh Chau, Doji, and Phu Quy also increased prices. gold bar SJC up to 85.7 million VND/tael for sale.
Since the beginning of the week, the price of SJC gold bars has increased by nearly 3 million VND/tael. The difference between buying and selling is 3 million VND/tael.
Gold ring price also increased sharply following the price of gold bars. Bao Tin Minh Chau Company listed the price of gold rings at 84.33 - 85.25 million VND/tael for buying and selling, an increase of half a million VND/tael compared to yesterday morning.
Doji Group listed the price of round gold rings at 84.3 - 85.3 million VND/tael, an increase of 1.1 million VND/tael.
At the same time, the world gold price was listed at 2,652 USD/ounce, up 15 USD/ounce compared to yesterday morning.
In the currency market, this morning, State Bank The central exchange rate is listed at 24,285 VND/USD, down 8 VND/USD compared to yesterday morning.
Accordingly, the USD price at commercial banks also decreased. Specifically, exchange rate USD at Vietcombank listed the buying and selling price of USD at 25,170 - 25,449 VND/USD, down 5 VND/USD for buying and down 8 VND/USD for selling compared to yesterday morning.
BIDV listed the USD buying and selling prices at 25,215 - 25,449 VND/USD, down 2 VND/USD for buying and down 8 VND/USD for selling.
Meanwhile, the USD price in the free market continued to increase to 25,727 - 25,848 VND/USD for buying and selling, an increase of 27 VND/USD for buying and a sharp increase of 47 VND/USD for selling compared to yesterday morning.
According to the latest figures released by the State Bank, VND interest rate The average interbank overnight rate (the main term accounts for about 90% of transaction value) in the session on November 18 increased to 5.89%/year. The interbank overnight interest rate is currently trading at its highest level since April 2023.
Along with the overnight term, interest rates for most other key terms have increased above 5%/year in recent sessions. Specifically, the 1-week term increased to 5.73%, the 2-week term increased to 5.19%, and the 1-week term increased to 5.67%.
Along with the increase in interbank interest rates, system liquidity also signals tightening as many banks seek to use the State Bank's OMO lending channel.
Accordingly, from November 4 to November 19, dozens of credit institutions participated in the State Bank's valuable paper auctions with the winning bid volume maintained at VND10,000 - 20,000 billion/session.
In the context of banks promoting hot loans and limiting In addition to buying treasury bills, the total amount of OMO circulating on the mortgage channel increased to nearly VND100,000 billion at the end of the session on November 19, while the amount of treasury bills circulating decreased to VND29,700 billion in treasury bills circulating on the market. In general, the State Bank is in a state of net pumping nearly VND70,300 billion into the banking system.
The State Bank's recent moves to cool down the USD exchange rate.
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