The domestic gold bar price has increased rapidly in the past three days, causing the gap with the world price to widen from 14-15 million to 16 million VND per tael.
This afternoon, January 13, Saigon Jewelry Company (SJC) listed the buying price of gold bars at 74 million VND per tael, an increase of 500,000 VND compared to the end of yesterday.
The selling price was adjusted more strongly, increasing by 1 million VND per tael, to 77 million VND. Therefore, the difference between buying and selling prices was widened to 3 million VND per tael.
DOJI Gold and Gemstone Group also raised the price of gold bars to 73.95 - 76.95 million VND.
Thus, each tael of gold bar has increased by 2.5 million VND in the past three days.
Compared to the peak set on December 26, 2023, each tael of SJC gold sold to people is currently 3 million VND lower, while the buying price is 5 million VND cheaper.
Gold rings and jewelry this morning also increased by 200,000-300,000 VND per tael compared to yesterday. SJC bought each tael of plain gold rings for 62.4 million VND, sold for 63.5 million VND, and 99.99% jewelry gold is 100,000-300,000 VND per tael lower than gold rings.
The domestic gold bar price has increased rapidly in the past three days, causing the gap with the world price to widen from 14-15 million to 16 million VND per tael.
On the international market, the world spot gold price at times exceeded 2,060 USD per ounce, before closing the weekend session at 2,048 USD. Converted according to Vietcombank's selling rate, gold rings are 2.6-3 million VND higher than the world price.
Investors are still expecting an increase in the price of precious metals in the international market, based on the scenario of interest rate cuts by the US Federal Reserve (Fed).
However, the domestic gold bar market is facing a "headwind" when the State Bank sent a message to intervene in the gold market to reduce the difference with the world.
The head of the Government requested the State Bank to have solutions to manage and regulate domestic gold bar prices according to market principles, not allowing the difference between domestic and international prices to be high.
HA (synthetic)