SJC gold price approaches 71 million VND/tael
Today, October 20, 2023, the price of 9999, SJC, 24K, PNJ, DOJI gold continues to increase rapidly. The world gold price is approaching 2000 USD/ounce.
At the time of survey at 5:30 a.m. on October 20, 2023, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold at 69.65 million VND/tael for buying and 70.60 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 69.85 - 70.35 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 69.92 - 70.58 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai Company, it is being traded at 69.92 - 70.78 million VND/tael (buy - sell).
USD price continues to rise
The USD exchange rate today, October 20, 2023, continues to increase compared to yesterday. The world USD exchange rate has a slight decrease.
The central VND/USD exchange rate announced by the State Bank today is adjusted to 24,100 VND/USD, up 4 VND compared to the same time yesterday.
Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,255 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,255 VND/USD.
The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,370 and a selling price of 24,710, an increase of 20 VND compared to the closing price of yesterday's trading session. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.
Domestic coffee prices drop sharply
Domestic coffee prices were updated at 4:30 a.m. on October 20, 2023, reversing and decreasing sharply from 7,000-7,100 VND/kg. Currently, the average coffee price in the Central Highlands provinces fluctuates around 56,900 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces on October 20, 2023 was VND 57,000/kg. In Dak Nong province, it was purchased at VND 57,000/kg.
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha is purchased at 56,400 VND/kg.
In Cu M'gar district, Dak Lak province, coffee price is currently at 57,200 VND/kg. In Ea H'leo district, Buon Ho town, it is purchased at the same price of 57,300 VND/kg.
Many types of rice increased sharply by 500 VND/kg
Recorded in the Mekong Delta region today, the price of all types of autumn-winter rice remains high. Traders and businesses find it difficult to purchase rice because of high prices and limited supply.
In the rice market, raw rice of all kinds is scarce, prices of all kinds of rice continue to increase. Traders are buying more slowly.
At retail markets, the price of Nang Nhen rice remained stable and fluctuated around VND26,000/kg; Jasmine rice was stable at VND16,000 - 18,500/kg; regular rice was VND12,000 - 14,000/kg; common white rice was VND16,000/kg; long-grain fragrant rice was VND18,000 - 20,000/kg; Jasmine rice was VND19,500/kg; Nang Hoa rice was VND19,000/kg; regular Squirrel rice was VND16,000 - 17,000/kg; Thai Squirrel rice was VND18,500/kg; Taiwanese fragrant rice was VND21,000/kg; and Japanese rice was VND22,000/kg.
In the export market, Vietnam's rice export prices have slowed down today after an upward adjustment. According to the Vietnam Food Association (VFA), the current export price of 5% broken rice is at 633 USD/ton; the price of 25% broken rice is stable at around 618 USD/ton.
Export rice prices remain high, however businesses are cautious when signing new contracts.
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