.jpg "Giá vàng nhẫn tăng trở lại mức 86 triệu đồng một lượng")
.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, domestic gold prices increased by 600,000 VND following the world's increase and compared to the first session of the week, they increased by 1.2 - 1.3 million VND per tael.
Two domestic gold brands this morning, January 11, reversed and increased by about 600,000 VND per tael following the increase in world gold prices.
At 10:00 a.m., Saigon Jewelry Company, Phu Quy Company and Doji Company all listed SJC gold price from 84.8-86.8 million VND/tael, an increase of 600,000 VND/tael compared to the previous closing price.
Similarly, the price of SJC 999.9 gold rings also increased by 600,000 VND, currently trading at 84.8-86.6 million VND/tael.
The price of gold rings at Bao Tin Minh Chau Company is announced at 85.5-86.9 million VND/tael (buy/sell), an increase of 500,000 VND/tael.
Meanwhile, gold rings at Phu Quy Company increased by 400,000 VND/tael compared to the previous closing price, currently the company announced from 85.2-86.6 million VND/tael (buy/sell).
Compared to the first session of the week, domestic gold prices increased by 1.2-1.3 million VND per tael.
In the world, the price of gold reversed and increased by 19 USD compared to the same time of the previous session, currently trading at 2,689 USD/ounce. This price is equivalent to 83 million VND/tael when converted according to the USD exchange rate at Vietcombank.
Currently, the USD exchange rate at Vietcombank is listed at 25,168-25,558 VND/USD (buy/sell), up 4 VND. Similarly, Vietinbank and BIDV adjusted the USD exchange rate to 25,198-25,558 VND/USD and Eximbank announced the USD exchange rate at 25,180-25,558 VND/USD, both up 4 VND compared to the previous closing price.
Propose appropriate policies to stabilize the gold market
At the question-and-answer session before the National Assembly on the morning of November 11, 2024, Governor of the State Bank Nguyen Thi Hong stated that the fluctuations in Vietnam's gold market in recent times are also a common trend in other countries around the world. From 2014 to 2019, the Vietnamese gold market was relatively stable and people's demand for gold decreased. However, from 2021, the world gold price increased, and accordingly, the domestic gold price also increased. However, from 2021 to June 2024, the State Bank has not intervened.
Since June 2024, the world gold price has reached a peak, the gap between the world and domestic gold prices has increased. Therefore, the Government and the State Bank have directed strongly. Based on current laws, the State Bank has organized an auction. In the context of the gold price reaching a peak and the market's expectations are also very high, the State Bank has considered 9 auctions, this is a quite effective solution.
In order to quickly narrow the gap between domestic and international gold prices at a high level under the Government's drastic direction, the State Bank has switched to selling SJC gold directly through 4 State-owned commercial banks. Therefore, the gap between domestic and international gold prices has decreased from about 15-18 million VND/tael to only about 3-4 million VND/tael.
Pointing out that gold prices continue to be complicated and unpredictable, Governor Nguyen Thi Hong said that our country does not produce gold, so intervention depends entirely on international gold imports. Therefore, the State Bank will closely monitor market developments to come up with appropriate policies to stabilize the gold market.
The State Bank also said it will continue to implement a roadmap to narrow and control the difference between the domestic selling price of SJC gold bars and the world price at an appropriate level.
