Market

SJC gold price in Hai Duong "evaporated" half a million dong after the 8th gold bar auction

HA KIEN May 21, 2024 18:40

Late in the afternoon of May 21, when the State Bank announced the results of the 8th gold bar auction, the trading price of this precious metal in the Hai Duong market "evaporated" half a million dong.

z5462532959456_0fdb1d94e49458caadfecef20cf49981.jpg
After the 8th gold bar auction, on the afternoon of May 21, each tael of SJC gold bar in Hai Duong market "evaporated" half a million VND compared to the afternoon of May 20.

According to a survey by Hai Duong Newspaper reporters at 3 gold trading stores in Hai Duong City, namely Bao Tin Manh Hai, PNJ, and Doji, at 5 p.m., the trading price of SJC gold bars was around VND90.4 million/tael for selling and VND88.5 million/tael for buying. Compared to the opening price this morning, it decreased by VND100,000/tael for selling and VND400,000/tael for buying. Compared to the closing price at the end of the session on May 20, it decreased by VND500,000/tael for selling and VND1.1 million/tael for buying.

The difference between the selling and buying prices at the closing time of the last session on May 20 compared to 5:00 p.m. on May 21 widened from VND 1.3 million/tael to VND 1.9 million/tael.

In the world market, the price of gold has decreased by 32 USD/ounce, to 2,416 USD/ounce compared to the afternoon of May 20, equivalent to 74.2 million VND/tael. Compared to the converted world gold price, the domestic gold price is 16.2 million VND/tael higher.

According to representatives of the three gold shops mentioned above, due to the fluctuation of SJC gold prices, there have been no transactions in Hai Duong in the past few days. To buy SJC gold, at PNJ, customers must pay 100% of the order value (from 1 tael of gold or more), then wait 2-3 weeks to receive the gold. At Bao Tin Manh Hai, depending on the daily business plan, but basically with orders under 10 taels of gold, customers can transact immediately; with orders of 10 taels of gold or more, after payment, customers need to wait 7-10 days to receive the gold.

Previously, on the afternoon of May 21, the State Bank announced the successful auction of 7,900 taels of SJC gold bars, with a winning bid price of VND89.42 million/tael.

HA KIEN
(0) Comments
Highlights
    Latest News
    SJC gold price in Hai Duong "evaporated" half a million dong after the 8th gold bar auction