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On Sunday, October 25, many large gold companies and banks were delisted. The price of SJC gold in Ho Chi Minh City was listed by some stores at around 56.05 million VND / volume purchased, 56.25 million VND / volume sold, around 150,000 VND per tael compared to the final from yesterday.
The difference between the buy and sell prices was reduced to a very low level, only 200,000 VND / tael, reflecting the low demand in the market, so companies accepted little profit to stimulate the volume of transactions.
The price of 24 karat jewelery gold is approximately 2.6 million dong / tael lower than that of SJC gold.
The SJC gold price fluctuated last week. Source: Mi Hong
The price of gold jewelry, 24 karat gold rings of all kinds was stable at around 53.3 million dong / tael purchased, 53.6 million dong / tael sold, lower than SJC gold around 2.6 million dong / tael.
During the week, the SJC gold price fluctuated on many days, but in a relatively narrow range. There was a time when the price of gold bullion rose to 56.4-56.45 million dong / tael sold, but fell again after that. The rate of increase and decrease of the national price of gold is also much slower than the fluctuation of the world price.
Overall, the SJC gold price only increased by around 100,000 dong / tael compared to the end of last week.
The world price of gold closed the week at 1,902 USD / ounce. Source: Kitco
Meanwhile, the global gold price closed the week at $ 1,902 / ounce, just around $ 3 / ounce compared to the end of last week. But during the week, there was a time when precious metals rose to $ 1,927 / ounce before pulling back.
The trend of the price of gold in the world may fluctuate, it is not clear what will happen in the next few days according to the results of the Kitco.com survey.
Specifically, in a Wall Street poll, of 17 market analysts who participated in the survey, only 41% said that the price of gold increased and 41% of respondents predicted a floor, the rest said that the price of gold will decrease.
In an online survey on Main Street, the number of investors who participated in the response was at the lowest level since the beginning of the year. A total of 1,305 investors responded, of which 61% of those surveyed were optimistic that gold would rise in the coming days, 20% predicted a decrease in the price of gold and the rest said that the price of gold would rise. stabilize.
Investors are reducing their interest in precious metals, when in the last month, the price of gold on the international market has fluctuated around the psychological resistance of 1,900 USD / ounce and failed to reach the threshold of 2,000 USD / ounce.
Currently, the world price of gold converted at the indicated exchange rate is approximately 53.3 million dong / tael, almost 3 million dong / tael lower than the SJC.
The price in US dollars in commercial banks during the weekend remained stable around 23,060 dong / buy USD, 23,270 dong / sell USD, unchanged from the previous week.
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