Saigon Gold and Jewelry Company listed the price of SJC gold at 76.3 – 78.5 million VND/tael, a decrease of 200,000 VND/tael for both buying and selling. The price of round and smooth rings is 63.45 – 64.65 million VND/tael.
Doji Group listed the price of SJC gold at 76.25 – 78.45 million VND/tael, a decrease of 200,000 VND/tael for both buying and selling.
In Ho Chi Minh City market, Mi Hong gold system listed the price of SJC gold bars at 76.7 – 77.7 million VND/tael, a decrease of 300,000 VND/tael. The price of round and smooth rings is 62.8 – 63.8 million VND/tael.
Gold prices unexpectedly dropped sharply. (Photo: Như Ý).
The world gold price is at $2,035/ounce, an increase of $7/ounce. Converted by the current exchange rate, the world gold price is about 61 million VND/tael, excluding taxes and fees.
The rise in the world gold price is due to the weakening of the USD. The USD Index, which measures the strength of the USD against 6 major world currencies, has decreased to 103 points, the lowest level in the past 2 months. The weakened USD makes it easier to hold gold.
In addition, concerns about instability in the Middle East have led investors to seek gold as a safe haven.
In the foreign exchange market, on February 24, the State Bank listed the central exchange rate at 23,996 VND/USD. The USD exchange rate at commercial banks is around 24,420 – 24,790 VND/USD, an increase of 30 VND/USD.
