Kicking off the trading session, Doji Group listed the round lot premium gold price at 75.65 – 76.95 million VND/tael, an increase of 600,000 VND/tael on both the buying and selling sides compared to the previous trading session on July 6th.
Saigon Jewelry Company listed their round lot gold price at 74.6 – 76.3 million VND/tael. This price reflects an increase of 200,000 VND/tael on the buying side and 300,000 VND/tael on the selling side.
Bao Tin Minh Chau Jewelry Company increased their round lot gold price by 600,000 VND/tael from the previous trading session, now listing it at 75.38 – 76.68 million VND/tael.
The increase in the round lot gold price is attributed to the continuous rise of gold prices in recent trading sessions globally. For many years, domestic round lot gold prices have been equivalent to world gold prices. As a result, the strong increase in world gold prices has caused domestic round lot gold prices to follow suit.
The round lot gold price stands at 76.95 million VND/tael, just 30,000 VND/tael shy of the SJC gold price. (Image: BTMC)
SJC gold bullion prices remain listed by businesses and state-owned banks at 74.98 – 76.98 million VND/tael for buying and selling.
While SJC gold prices remain low, it is difficult for people to purchase gold. Gold enterprises have sold out of SJC gold, and state-owned banks and the SJC company only accept gold purchase registrations online and via text message.
At the same time, world gold prices stood at 2,391 USD/ounce, a significant increase of 35 USD/ounce compared to the previous trading session. When converted according to the current exchange rate, world gold prices are approximately 75.1 million VND/tael, excluding taxes and fees.
In the currency market, July 7th falls on a weekend, and the State Bank of Vietnam has kept the central exchange rate unchanged at 24,246 VND/USD. In commercial banks, the USD/VND exchange rate hovers around 25,208 – 25,458.
Deadline for Reporting Gold Market Management and Operations Results to SBV Today, January 31
As per the directive of Prime Minister Pham Minh Chinh, today (January 31, 2024) is the deadline for the State Bank of Vietnam (SBV) to submit a report on the summary of Decree 24, which includes proposals for amending and supplementing certain regulations for managing the gold market.
Gold prices surge as Lunar New Year approaches
On the morning of February 1st, the domestic gold price continued to surge with an increase of 500,000 VND/tael, approaching the 78 million VND/tael mark. As Tet holiday approaches, the price of gold tends to rise sharply.
Gold prices: SJC gold and plain gold rings surge simultaneously
On the morning of January 31st, the prices of SJC gold and 24k smooth gold rings in Vietnam saw a simultaneous increase compared to the previous day.
Gold prices surge to nearly 79 million dong per tael ahead of Tet, investors make huge profits.
After dropping sharply from 80.5 million VND per tael to 74 million VND per tael at the beginning of the year, SJC gold price has been showing signs of recovery recently. On February 2nd, the price of gold continued to rise significantly and reached nearly 79 million VND per tael.
Gold Prices Surge, Exceeding 78 Million Dong per Tael
This morning (2/2), the domestic gold price continued to soar, surpassing 78 million dong per tael. In just 3 consecutive trading sessions, the domestic gold price has increased by 1.8 million dong per tael.
