Gold price increased by 100,000-200,000 VND per tael

(HNMO) - The increase in world gold prices has helped domestic precious metal prices increase by VND100,000-200,000 per tael on the morning of May 31.

Gold prices rise.

Last night's trading session, the world gold price increased by 0.8%, reaching 1,958.8 USD/ounce. The price of precious metals increased due to the decrease in the USD price and the decrease in treasury bond yields. In addition, many countries are interested in increasing their gold reserves. At nearly 9:00 a.m., the trading price was at 1,959.9 USD/ounce.

In the domestic market, also at the same time, Saigon Jewelry Company Limited listed the price of SJC gold bars at 66.5 million VND/tael (buy) - 67.1 million VND/tael (sell), an increase of 100,000 VND/tael each way compared to the end of May 30.

Phu Nhuan Jewelry Joint Stock Company increased by VND 150,000/tael (buying) and VND 200,000/tael (selling), to VND 66.55 million/tael (buying) - VND 67.15 million/tael (selling).

In the same trend, Phu Quy Group listed at 66.5 million VND/tael (buy) - 67.1 million VND/tael (sell), 100,000 VND/tael higher than the end of the previous day each way.

The price of gold rings in some places increased at the same rate as gold bars, but in some places it increased more strongly. For example, Saigon Jewelry Company Limited increased the price of 1-5 chi gold rings by VND150,000/tael each way, to VND55.7 million/tael (buy) - VND56.65 million/tael (sell). Phu Quy Group set the price of gold rings at VND55.85 million/tael (buy) - VND56.7 million/tael (sell), an increase of VND100,000/tael each way.

If the common buying and selling price of gold rings is 850,000-950,000 VND/tael, the price of gold bars is 600,000 VND/tael.

Domestic gold prices increased but at a slower rate than international prices. Therefore, the price difference between the two markets decreased to about VND11.1 million/tael.

Source: https://beta.hanoimoi.com.vn/gia-vang-tang-100-000-200-000-dong-moi-luong-443079.html