The DOJI Jewelry Group listed the price of round diamond rings at 75.9 – 77.15 million VND per tael for buying and selling.
Bao Tin Minh Chau listed the price of round diamond rings at 75.68 – 76.98 million VND per tael for buying and selling.
Saigon Jewelry Company listed the price of round diamond rings at 75.15 – 76.65 million VND per tael.
For SJC gold bars, the four state-owned commercial banks (Agribank, BIDV, Vietcombank, and VietinBank) and enterprises kept the buying and selling prices at 74.98 – 76.98 million VND per tael.
The price of diamond rings remains higher than that of SJC gold bars (Photo: Nhu Y).
At the same time, the world gold price was listed at 2,408 USD/ounce, a slight decrease of 3 USD/ounce compared to yesterday.
In an interview with Tien Phong Newspaper, expert Nguyen Quang Huy from the Faculty of Finance and Banking at Nguyen Trai University, stated that the world gold price has slightly decreased but remains at its peak as investors expect positive factors to sustain the high price and continue its upward trend in the future, given that the FED has signaled a more moderate stance and the possibility of an interest rate cut in the third quarter.
If the economic situation is deemed reasonable, the FED will immediately cut interest rates, and the European Central Bank has also reduced interest rates recently, causing an increase in asset values, including gold.
Simultaneously, the Russia-Ukraine war is becoming more intense, and the Middle East conflicts show no signs of cooling down, with a potential expansion.
In the currency market, on July 15, the State Bank of Vietnam kept the mid-rate unchanged at 24,248 VND/USD. In commercial banks, the USD exchange rate fluctuated around 25,210 – 25,460 VND/USD.
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.
