At Saigon Jewelry, the SJC gold price is listed at 79.9-81.9 million dong per tael, an increase of 500 thousand dong per tael compared to the end of yesterday. The price of 24k gold rings here also increased by 250 thousand dong per tael to 67.5-68.8 million dong per tael.
Similarly, at other companies, the buying price of SJC gold bars increased to 79.8-79.9 million dong per tael, while the selling price increased to about 81.8-81.9 million dong per tael.
The price of plain gold rings also increased sharply today. Bao Tin Minh Chau increased by 300 thousand dong per tael compared to yesterday to 67.96-69.16 million dong per tael. DOJI Group also increased by 250 thousand dong per tael to 67.85-69.05 million dong per tael. Phu Nhuan Jewelry (PNJ) increased by 300 thousand dong per tael to 67.5-68.7 million dong per tael.
Update as of 9:00 AM
On the international market, gold prices are hovering around 2,150-2,165 USD/ounce. Converted at the exchange rate of USD at banks, the world gold price is equivalent to 64.5 million dong per tael, while converted at the exchange rate of USD on the free market it is equivalent to 66.5 million dong per tael.
From the level of 2,200 USD/ounce to the current level, the world gold price has been under pressure recently after the inflation data of the US was announced last week. The higher-than-expected inflation has raised expectations that the US Federal Reserve will maintain a high-interest rate stance for an extended period. This scenario has reinforced the yields on US Treasury bonds, boosted the recovery of the US dollar, and exerted pressure on the yellow precious metal gold.
