Minh Chau Bao Tin Company listed
round ring price
VND74.38-VND75.98 million/tael for buying and selling, a VND300,000/tael decrease compared to this morning.
Saigon Gold-Jewelry Company listed
gold price
ring at VND73.8-VND75.5 million/tael for buying and selling.
Meanwhile, the price of
SJC gold bars
is still over VND82 million/tael.
Gold Price ring decreased in the same direction as the global gold price (photo: N.M).
At the same time, the global gold price was listed at USD2,292
USD
per ounce, a sharp decrease of USD42 per ounce compared to this morning. The global gold price is equivalent to around VND70 million/tael.
The global gold price has decreased by over 1% to the lowest level in 1 week in the last trading session in April due to the pressure from the recovery of the USD and the increasing yield of the US Treasury bond.
The USD increased by 0.3%, making gold more expensive for those holding other currencies, while the yield of the benchmark 10-year bond also increased, leading to an increase in the opportunity cost of holding this precious metal.
Despite the sharp decrease, gold still gained in the 3rd consecutive month thanks to the demand for safe haven due to concerns about geopolitical risks and the buying power from
central banks
. Gold price increased by 3% in April and reached a record high of USD2,431.29 per ounce at the beginning of the month.
According to the General Statistics Office, the domestic gold price fluctuated in the same direction as the global gold price. As of April 25, the average global gold price was at USD2,322.36 per ounce, an 8.54% increase compared to March due to the escalating geopolitical tensions in the Middle East, encouraging investors to turn to gold as a safe haven.
Domestically, the gold price index in April increased by 6.95% compared to the previous month, by 17.01% compared to December 2023, and by 28.62% compared to the same period last year. The average increase in the first 4 months of the year was 20.75%.
Thus, the SJC gold bar price is currently VND15 million/tael higher than the global gold price, more than
ring gold
by VND5 million/tael.
