.jpg "Each tael of gold reversed and decreased by more than 3 million VND.")
.jpg "Bao Tin Manh Hai listed the highest price of round gold rings in Hai Duong, at 100.5 million VND.")
.jpg "Real estate market in the south of Hai Duong city is bustling")
.jpg "Extremely dangerous forest fire risk in Kinh Mon, Chi Linh")
-ac017d3d3ce25d3405471795d6bb26f0.jpg "Gia Loc needs over 10 billion VND to invest in renovating and expanding landfills.")
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This morning, the price of gold bars and plain rings in the country decreased by 1.3 - 1.4 million VND per tael.
On the morning of November 12, domestic gold bar and plain ring prices simultaneously decreased following world developments.
Saigon Jewelry Company (SJC) listed the price of gold bars at 80.6 - 84.1 million VND/tael, down 1.3 million VND in both buying and selling compared to yesterday.
The price of plain gold rings also decreased, at SJC Company, it dropped to 80.5 - 83 million VND/tael, down 1.4 million VND in both directions. DOJI Gold and Gemstone Group decreased to 81.4 - 83.4 million VND/tael. Phu Nhuan Gold and Gemstone Company (PNJ) also listed it at 82 - 83.9 million VND/tael.
Thus, compared to the peak set at the end of October, the current price of each tael of gold has decreased by 6 million VND, equivalent to a 6% adjustment. Compared to the beginning of the year, the price of each tael of plain rings is about 32% higher, while gold bars have a profit yield of 14%.
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In the international market, gold prices have just continued to have the second strong adjustment session in just the past few days. The price of each ounce of gold has now decreased by more than 160 USD since Mr. Donald Trump was re-elected as US President.
Precious metals are under pressure in the short term as the US dollar continues to rise and investors assess that the election of Donald Trump will put pressure on the country's fiscal policy and interest rates.
At the same time, the money flowing into gold also faces higher competition from the cryptocurrency channel, as Bitcoin continues to set records. Investors expect that policies under Mr. Trump will create a favorable period for this digital asset.
Implementing the directions of the Government and the Prime Minister, based on current legal regulations, in recent times, the State Bank has coordinated with ministries, branches and localities to comprehensively deploy solutions to handle the high difference in gold prices between international and domestic prices, stabilize the gold market, and contribute to stabilizing the macro-economy.
In particular, it is recommended that the Ministry of Public Security, the Ministry of Industry and Trade, and the Ministry of Finance strengthen inspection, supervision, and monitoring according to their assigned functions, tasks, and powers; strictly handle violations of the law such as gold smuggling across the border, manipulation, profiteering, etc., causing instability in the gold market; organize direct bidding and sale of gold bars to supplement the supply of SJC gold bars to the market.
With the implemented solutions, the difference between domestic gold price and converted world gold price has decreased significantly.
In the coming time, the State Bank will continue to implement solutions to control the difference between domestic and international gold prices at an appropriate level under the direction of competent authorities.
