SJC gold price in Hai Duong fluctuates, no transactions

Faced with unpredictable fluctuations in the price of SJC gold, there were no transactions at 3 stores licensed to trade gold bars in Hai Duong City.

On May 13, the price of gold bars at stores licensed to trade SJC gold bars in Hai Duong City such as Bao Tin Manh Hai, PNJ, Doji decreased and then increased again. At 5:00 p.m. on May 13, SJC gold was traded at around VND89.5 million/tael for selling and VND87 million/tael for buying.

Compared to the early trading price of the same morning session, the price of SJC gold increased by 1.75 million VND/tael for selling and 1.2 million VND/tael for buying; the gap between selling and buying prices widened from 1.95 million VND/tael to 2.5 million VND/tael.

At the beginning of the trading session on the morning of May 13, SJC gold was sold by stores at around VND87.75 million/tael, and bought at VND85.8 million/tael. Compared to the trading price at the end of May 12, it decreased by VND1.65 million/tael for selling and VND1.2 million/tael for buying.

Compared to 1:30 p.m. on May 10, SJC gold in Hai Duong market has decreased by 2.5 million VND/tael for selling and 2.8 million VND/tael for buying. If people buy SJC gold on May 10 and sell it at 5 p.m. today (May 13), they will lose 5 million VND/tael.

It is worth mentioning that in the context of the continuous “dancing” of SJC gold prices, all 3 gold trading stores mentioned above have no more SJC gold bars to sell, customers who want to buy must deposit in advance and have to wait. In fact, on May 13, all 3 stores did not record any transactions.

In just the past 4 days, the price of SJC gold has experienced unpredictable fluctuations, mainly on a downward trend. This is the market's reaction after the Government Office issued a document announcing the conclusion of Deputy Prime Minister Le Minh Khai at a meeting on solutions to manage the gold market in the coming time.

Some experts believe that in the short term, the gold market may temporarily calm down during this sensitive period. However, domestic gold prices cannot avoid the impact of the international market, the world gold price is returning to an upward trend due to the simultaneous decrease of the USD and US Treasury bond yields.

HA KIEN

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