DNVN - World gold prices increased to their highest level in more than a week, causing domestic gold prices on the morning of November 22 to also maintain an upward trend.
At 8:50 a.m., Saigon Jewelry Company (SJC) announced that the price of SJC gold bars reached 84.5 - 86.5 million VND/tael (buy - sell), an increase of 800,000 VND/tael and 300,000 VND/tael respectively in both directions compared to the closing price of the previous session.
DOJI Gold and Gemstone Group also listed the price of SJC gold bars at 84.5 - 86.5 million VND/tael (buy - sell), recording a similar increase of 800,000 VND/tael for buying and 300,000 VND/tael for selling compared to the previous session.
Besides, the price of gold rings also increased simultaneously. DOJI listed the price of gold rings at 85 - 86 million VND/tael (buy - sell), an increase of 400 thousand VND/tael in both directions compared to yesterday's trading session.
SJC Company announced the price of gold rings at 84.5 - 86 million VND/tael (buy - sell), an increase of 900 thousand VND/tael for buying and 400 thousand VND/tael for selling compared to the closing price on November 21.
In the international market, spot gold prices increased for the fourth consecutive session on November 21, reaching the highest level in more than a week, thanks to safe-haven demand due to Nvidia's poor profit forecast and escalating tensions between Russia and Ukraine.
At 17:20 GMT (0:20 a.m. November 22, Vietnam time), the spot gold price on the COMEX floor (USA) increased by 0.5%, reaching 2,664.27 USD/ounce. At the same time, the gold futures price also increased by 0.6%, reaching 2,666.80 USD/ounce.
“Geopolitical factors, particularly Russia-Ukraine tensions, have been playing a major role in driving the gold market over the past few days,” said David Meger, director of metals trading at High Ridge Futures.
Global volatility continues to drive investors to seek safe haven assets such as gold, especially since the Middle East conflict erupted last October. In addition, renewed tensions between Russia and Ukraine and the US veto of a Gaza ceasefire resolution have made gold prices attractive again after a recent decline.
Spot gold prices rose 4% this week, marking the biggest weekly gain since April 2024, after suffering the deepest decline in more than three years last week. According to experts, the resistance level of $ 2,700 / ounce may be reached in the near future.
Cao Thong (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-vang-trong-nuoc-ngay-22-11-tiep-tuc-tang-manh/20241122092556787
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