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The world price of gold is only over 47 million dong / tael, but the national price of gold is still above 55 million dong / tael – Photo: NGOC PHUONG
At noon this afternoon, the world price of gold at 1,688.7 USD / ounce. Converted according to the exchange rate indicated in the bank equivalent to 47.11 million VND / tael.
The rapid fall in the world price of gold has made the gap between national and world gold prices increasingly distant because the domestic price of gold could not keep up with the fall in the world price of gold.
SJC listed the sale price of SJC gold bar this afternoon at 55.28 million dong / tael, while the PNJ company listed the sale price at 55.25 million dong / tael. The purchase price ranges from 54.8 to 54.85 million dong / tael.
Although the selling price of SJC gold bars in gold companies was lower than the price at the end of yesterday of VND 280,000-450,000 / tael, compared to the equivalent world price of gold, the domestic price of gold remains being higher than VND 8.17 million. / amount.
In particular, the 7-8 million / tael difference has existed for almost a month despite the God of Fortune day, March 8, and the purchasing power of the gold market is at a low point.
Mr. Nguyen Ngoc Trong, director of New Partner Gold Company (NPJ), said that the cause of the unusual difference between the current domestic gold price is due to two factors: the supply and demand of the market and the lack of interconnection in the national market. – world gold market.
Currently, the world price of gold has decreased, but people do not sell gold, organizations that own gold are also immobilized, so there is no pressure to force the national price of gold to decrease.
“The reason people don’t sell is because a lot of people lost gold in July and August last year when the price of gold was in the range of 55-56 million VND / tael and the area was 60-62 million. VND / tael They wait for a higher price to sell.
Right now, organizations that own gold are also hesitant to sell because if it is sold, there must be a balanced source of gold. Meanwhile, the State Bank has no longer issued a license to import gold or a license for SJC to stamp gold bullion. Due to these two factors, the domestic gold price has remained continuously anchored in recent days, despite the sharp drop in the world gold price, “said Trong.
