(NLDO) - Contrary to the sharp decline in the world, the price of 99.99 gold rings increased at the end of the day, equal to the price of SJC gold bars.
At the end of December 23, SJC Company listed the price of SJC gold bars at VND82.5 million/tael for buying and VND84.5 million/tael for selling, an increase of VND200,000/tael compared to the morning. In just one day, each tael of gold bar increased by VND700,000.
This is also the transaction price of SJC gold bars at PNJ, DOJI, and Bao Tin Minh Chau. Mi Hong Company alone buys gold bars at a higher price, around 83.8 million VND/tael.
Banks also increased the price of gold bars. Sacombank and Eximbank traded SJC gold bars at the same price as gold companies; while ACB listed buying at 83.5 million VND/tael and selling at 84.5 million VND/tael, a million VND/tael higher than other places.
Domestic gold prices continued to increase at the end of the day
Meanwhile, the price of gold rings and jewelry of all kinds fluctuated quite unexpectedly. SJC Company listed the price of 99.99 gold rings at 82.5 million VND/tael for buying and 84.3 million VND/tael for selling, an increase of 200,000 VND/tael compared to the morning.
Notably, the current price of SJC gold bars and 99.99 gold rings and jewelry gold of all kinds are quite close to each other, without a big difference like before. In the first half of 2024, the price of SJC gold bars is often several million VND higher than that of gold rings, even tens of millions of VND/tael.
The continued increase in domestic gold prices is quite surprising, compared to the downward trend of world prices. At 6:30 p.m., Vietnam time, today's gold price on the international market was traded at 2,613 USD/ounce, down tens of USD per ounce compared to the morning.
Gold prices are under pressure to fall in the short term as investors worry that the US Federal Reserve (FED) will only cut interest rates twice in 2025, instead of the previous forecast of four adjustments. Therefore, although the FED cut interest rates for the third time this year at its policy meeting last week, gold prices continued to fall to near the $2,600/ounce mark.
The strengthening USD also puts pressure on precious metals. Currently, the USD index continues to increase to 107.9 points, heading towards the highest peak in the past 2 years at 108 points. The world gold price converted according to the listed exchange rate is about 80.5 million VND/tael, lower than SJC gold bars and gold rings by about 4 million VND/tael.
Source: https://nld.com.vn/toi-23-12-gia-vang-mieng-sjc-vang-nhan-9999-bien-dong-bat-ngo-196241223184259135.htm
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