SJC gold price increased to 90 million VND/tael

ANTD.VN - World gold prices continue to heat up as they approach the 2,800 USD/ounce mark. Domestic SJC gold prices also increased by 1 million VND/tael today, reaching a new high of 90 million VND/tael.

This morning, the State Bank continued to increase the intervention selling price of gold bars by 1 million VND per tael.

Accordingly, the selling price of SJC gold at 4 state-owned commercial banks (Agribank, BIDV, VietinBank, Vietcombank), SJC Company and large enterprises listed on the market also increased by 1 million VND per tael, at 88.00 - 90.00 million VND/tael.

SJC gold price today has been adjusted up

The price of gold rings also continued to rise, setting an unprecedented high and close to the price of SJC gold. Specifically, DOJI Hung Thinh Vuong rings are 88.60 - 89.60 million VND/tael; Bao Tin Minh Chau's Thang Long Gold Dragon plain round ring is 88.58 - 89.58 million VND/tael; Phu Quy round rings are listed at 88.60 - 89.80 million VND/tael (buy - sell); SJC 999.9 rings are 87.70 - 89.20 million VND/tael...

Domestic gold prices increased sharply following the increase in world prices. In the last session, the precious metal market continued to set a new record high, approaching 2,800 USD/ounce.

Specifically, December gold futures last traded at $2,788.50 an ounce, up 0.27% on the day. Meanwhile, spot gold as of 10 a.m. Vietnam time also advanced to nearly $2,788 an ounce.

Gold prices rose despite the US 10-year bond yield rising back to a three-month high as the US economy and labour market remained resilient.

Some experts say that at the moment, the growing US debt is starting to make investors worry about the possibility of further inflation and currency depreciation. In this context, gold is the only asset that is completely independent and recognized as a safe haven.

Along with that, gold is still benefiting from factors such as: geopolitical hot spots that have not cooled down, the normalization of interest rates by the Federal Reserve, continued strong demand from global central banks and uncertainty about the outcome of the upcoming US presidential election and the possibility of additional fiscal stimulus measures in many countries...

Source: https://www.anninhthudo.vn/gia-vang-sjc-tang-len-90-trieu-dongluong-post594100.antd