Domestic gold price evaporates 1 million VND per tael at the end of the week

Domestic gold prices dropped sharply by VND1 million per tael at the end of the week due to the impact of world gold prices and information about negotiations to end the war in Ukraine.

Domestic gold price evaporated 1 million VND per tael at the end of the week. (Photo: Vietnam+)

In this morning's trading session (February 15), two domestic gold brands reversed and decreased sharply by 1 million VND per tael following the downward trend of world gold prices.

At 10:40 a.m., Saigon Jewelry Company, Phu Quy Company and Doji Company all listed SJC gold price from 87.30-90.30 million VND/tael, all down 1 million VND/tael.

In the same direction, the price of SJC 999.9 gold rings also decreased by 1 million VND/tael, currently trading around 87.30-90.10 million VND/tael.

At Phu Quy Company, the listed price of gold rings is from 88.30-90.30 million VND/tael (buy/sell), down 1 million VND compared to the previous closing price.

Currently, Bao Tin Minh Chau Company is announcing the price of plain round gold rings from 88.45-90.30 million VND/tael (buy/sell), also down 1 million VND per tael.

During the week, SJC gold bars set a historical peak of 93.1 million VND/tael on February 11, the highest level ever.

In the world, the spot gold price closed the weekend session at 2,882 USD/ounce, a sharp decrease of 45 USD (-1.6%) compared to the closing price of the previous session. The price of the precious metal had previously climbed to a historical level of 2,943 USD/ounce but could not maintain it for long.

The decline in world gold prices this session was mainly due to information that US President Donald Trump ordered US officials to begin negotiations to end the war in Ukraine, after Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky expressed their desire for peace in separate phone calls with him.

This makes investors less worried, leading to profit-taking activities in the gold market, directly affecting the sharp drop in gold prices./.

Source: https://baoquangninh.vn/gia-vang-trong-nuoc-boc-hoi-1-trieu-dong-moi-luong-phien-cuoi-tuan-3344138.html