This afternoon, February 24, the price of SJC gold bars returned to the threshold of 92 million VND/tael after the world gold price increased again.
At 12 noon, gold price The world gold price increased to 2,940 USD/ounce, converted according to the listed exchange rate at the bank, the world gold price is equivalent to 91 million VND/tael.
The increase in world gold prices has pushed up domestic gold prices. This morning, SJC Company listed the selling price of SJC gold bars at 91.8 million VND/tael.
However, SJC Company later increased the selling price of SJC gold bars by 200,000 VND/tael to 92 million VND/tael. The buying price increased to 89.7 million VND/tael.
Gold ring price close to 92 million mark
The price of 9999 gold rings also increased to 91.8 million VND/tael for sale and 89.7 million VND/tael for purchase.
At PNJ Company, the selling price of 9999 gold rings increased to the same level as the selling price of gold bars, at 92 million VND/tael. The buying price also reached 90.5 million VND/tael.
Bao Tin Minh Chau Company raised the price of 9999 gold rings to 92.1 million VND/tael, the buying price also increased to 90.6 million VND/tael.
At Mi Hong gold shop, the selling price of SJC gold bars is 92 million VND/tael, the buying price is 91 million VND/tael.
Notably, in recent days, the gap between buying and selling gold prices has narrowed significantly. For example, at Mi Hong, the gap is only 1 million VND/tael.
Meanwhile, at some other large gold companies, the difference is from 1.5-2.3 million VND/tael while in previous days the difference was up to 4 million VND/tael.
Compared to the converted world gold price, the domestic gold price is about 1 million VND/tael higher. This is a very low difference compared to a few months ago.
According to records, currently, because the gold price is quite high, transactions in the market are quite quiet, buyers are waiting for the price to decrease while those who bought gold on God of Fortune Day are waiting for the price to increase.
Meanwhile, forecasting world gold prices, some experts said that world gold prices are likely to reach the 3,000 USD/ounce mark this week.
Whether gold prices can rise beyond $3,000 an ounce will depend on the US government's fiscal policy and the US Federal Reserve's monetary policy.
USD price continues to rise
Today, the central exchange rate announced by the State Bank is 24,646 VND, an increase of 8 VND compared to last weekend.
USD prices at banks are quite stable. Vietcombank listed the selling price of USD at 25,680 VND/USD, buying price at 25,290 VND/USD.
At ACB, the selling price of USD is 25,670 VND/USD, buying price is 25,290 VND/USD.
Meanwhile, in the free market, the selling price of USD is 25,741 VND/USD, buying price is 25,641 VND/USD.
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