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Compared to the world gold price converted at the exchange rate indicated in the bank, the domestic gold price is 7.12 million dong / tael higher than the world gold price – Photo: NGOC PHUONG
The world gold market closed for Easter holidays with a closing price of 1,730.3 USD / ounce. However, the price of SJC gold bars today, 3-4, continues to rise.
SJC Company today quoted the price of SJC gold bar at 55.42 million VND / tael, an increase of 70,000 VND / tael compared to yesterday. At PNJ Company, the sale price of SJC Gold Bar increased to VND 200,000 / tael compared to yesterday at VND 55.35 million / tael.
The difference between the buy and sell price of gold is quite large, up to 500,000 VND / tael because the gold companies minus the fluctuation in the price of gold when the market reopens after the holidays.
The price of 9999 gold rings also exceeded 51 million VND / tael following the increase in the price of gold bar.
Also in gold shops, the selling price of SJC gold bars is 55.26 million dong / tael.
Compared to the world gold price converted to the bank-quoted exchange rate of 48.3 million dong / tael, the domestic gold price is 7.12 million dong / tael higher than the world gold price .
This difference has been increasing continuously in recent days because the price of domestic gold always reacts very quickly to the rise in the world price of gold, but in the opposite direction, the price falls very slowly.
Today, many investors have wondered if the world price of gold will continue to rise next week.
According to the analysis, the global price of gold returned after an uncontrollable decline earlier in the week, supported by falling US Treasury yields, a weakening of the USD and demand for bottom fishing. . However, many experts are skeptical about the long-term recovery in the world price of gold.
Many experts believe that this is just an upward correction in a bear market. The world gold price is currently under considerable pressure from the uptrend in the equity markets and the world gold price is likely to hit $ 1,740 / ounce before declining.
With this week’s closing price of $ 1,730 / ounce, the world gold price nearly reached the peak of this recovery phase.
