As of early this morning (November 22), domestic gold prices rebounded after two consecutive sessions of decline.
Companies SJC, PNJ, and DOJI all listed the buying and selling prices of SJC gold bars at 148.4 – 150.4 million VND per tael, with both buying and selling prices increasing by 600,000 VND per tael compared to the previous session’s close. Bao Tin Minh Chau also recorded a similar increase, trading at 148.9 – 150.4 million VND per tael.
For gold rings, SJC listed the buying and selling prices at 146 – 148.5 million VND per tael, a 600,000 VND increase from yesterday’s close. DOJI listed their prices at 146.1 – 149.1 million VND per tael, while PNJ maintained their prices at 146.2 – 149.2 million VND per tael.
Bao Tin Minh Chau’s gold rings traded at 147.6 – 150.6 million VND per tael, a 600,000 VND increase from the previous session.
Source: SJC
In the international market, spot gold prices remained steady at $4,065 per ounce. Global gold prices fell nearly 0.5% last week as expectations of a Fed rate cut in December weakened, and the US dollar rose to its highest level in over two weeks, making gold more expensive.
The minutes of the Fed’s October meeting, released on Wednesday, revealed that the agency had cut rates even as policymakers warned that doing so could pose risks of rising inflation and erode public trust in the central bank.
The delayed jobs report also painted an unpredictable picture of the US labor market, with non-farm employment rising by 119,000 in October, significantly higher than the expected 50,000 increase, while the unemployment rate rose to its highest level in four years.
Exclusive Gold Sale: November 20th – Massive Discounts on Gold Bars & Rings
Domestic and global gold prices experienced a synchronized decline during the trading session on November 20th.
Gold Shops in Ho Chi Minh City Suddenly… Deserted
In recent days, numerous gold shops in Ho Chi Minh City have seen a noticeable decline in foot traffic. Observers suggest that the narrowing gap between official gold prices and those on the black market has diminished the appeal for buyers and sellers looking to profit from price differences.
Gold Prices Plummet by 1.7 Million VND per Tael on the Afternoon of November 18th
Global gold prices experienced a significant decline during Monday’s trading session (November 17) and continued to drop today (November 18). Domestically, the prices of gold rings and gold bars have both fallen, with reductions ranging from 0.2 to 1.7 million VND per tael compared to the end of yesterday.
Gold Bar Prices Surge by VND 1.7 Million per Tael, Ring Gold Also Rises on November 19th Afternoon
Global gold prices rebounded after three consecutive sessions of decline. Domestically, gold bar prices surged by 1.7 million VND per tael, while gold ring prices rose between 500,000 and 1.5 million VND per tael.
