SJC gold price increased to 54.2 million VND

Avatar of Nick John By Nick John Dec28,2023 #increased #million
SJC gold price increased to 54.2 million VND 4
SJC gold price increased to 54.2 million VND 4

Domestic gold prices on July 23 were continuously adjusted by domestic businesses towards a sharp increase.

Previously, at 1:30 p.m., DOJI Jewelry Group announced that the selling price of gold bars increased by half a million VND compared to the morning, and compared to yesterday afternoon, the increase was up to 800,000 VND.

On the morning of July 23, gold bar trading units also continuously raised gold prices.

Small weight gold types such as 5 taels, 2 taels and 5 centimeters were pushed up to 53.33 million VND per tael by the leading enterprise in the gold bar market share.

People choose to buy gold at a store in Binh Thanh district, Ho Chi Minh City.

Phu Nhuan Jewelry Joint Stock Company (PNJ) adjusted the price similarly to SJC, buying 52.3 million VND and selling 53.3 million VND.

Faced with the above hot developments, the State Bank said that recently, because world prices have increased sharply, domestic prices have increased, while the market has not had large or unusual fluctuations, and the demand for gold is not high.

VnExpress’s survey yesterday, July 22, showed that trading in Hanoi was also quite exciting but not to the extent of queuing up to buy and sell gold like previous hot waves.

The increase in domestic gold prices has lasted for more than a week thanks to the momentum of the world.

Ms. Rhona O’Connell, analyst at StoneX, said that gold built a solid foundation in the second quarter and established a new price level.

According to Mr. Tran Thanh Hai, Chairman of Vietnam Gold Company – VGB, the current domestic gold price movement has many unusual points.

Therefore, Mr. Hai said that this development is not suitable for those who intend to buy gold retail or hoard it because it is very risky.

Contrary to gold’s excitement, the USD exchange rate is still calm.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *