The Golden Record: Ringing in a New Era of Prices

Saigon Jewelry Company listed the round gold ring price at 77.3 – 78.6 million VND per tael.

Doji Group and Phu Quy listed the round gold ring price at 77.5 – 78.65 million VND per tael, unchanged from yesterday. The round gold ring price listed by Bao Tin Minh Chau Company is 77.48 – 78.63 million VND per tael.

In Ho Chi Minh City, Mi Hong gold system listed the round gold ring price at 78 – 79 million VND per tael, an increase of 400,000 VND per tael compared to yesterday.

Domestic gold prices have reached their highest level since the beginning of the year. After the sharp increase in world gold prices, the price of round gold rings is expected to fluctuate strongly in the trading session on September 13.

SJC gold bars are listed by gold companies and banks at 78.5 – 80.5 million VND per tael for buying and selling.

At the same time, the world gold price is at 2,557 USD/ounce, an increase of 40 USD/ounce compared to the previous trading session. Converted at the current exchange rate, the world gold price is equivalent to 76.5 million VND per tael.

World gold prices have just broken all previous records. The upward trend in world gold prices stems from the fact that the European Central Bank (ECB) lowered the base interest rate to 3.5%. This has led investors to expect the US Federal Reserve to cut interest rates.

The State Bank listed the central exchange rate at 24,187 VND/USD, down 25 VND/USD from before.

At commercial banks, the USD exchange rate is around 24,380 – 24,720 VND/USD, down 70 VND/USD.