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The world price of gold plummeted, but the national price of gold remained “as average as a jar” – Photo: TTD
The world price of gold fell, but the national price of gold remained “like a jar.” SJC recorded the sale price of gold at the end of today at 55.5 million dong / tael, while the PNJ company listed it at 55.7 million dong / tael. The purchase price ranges from 55.1 to 55.25 million dong / tael.
Compared to the world price of converted gold, the national price of gold is 8.35 million dong / tael higher. This is a record difference that has existed for the past few weeks and is likely to increase further when the world gold price is in a downtrend.
SJC’s four-digit ring gold price is currently selling at 52.7 million dong / tael, higher than the world gold price converted to 5.55 million dong / tael.
However, the purchasing power of gold in the market at this time was quite low due to the large difference between national and world gold prices and it brought great risks for buyers.
According to the analysis, the rise in world prices is being limited by the rise in the dollar, while the gold trust funds continue to sell but there are no signs of buying. SPDR Gold Trust, the world’s largest gold investment fund, has continued to be net sellers in the past.
Later, at the end of last week, this fund has sold 9.04 net tons, bringing the amount of gold held to 1,069.26 tons.
Today, prices in US dollars in banks also rose little by little after the rise of the dollar in world markets.
Vietcombank quoted the USD ask price at 23,140 dong / USD, an increase of 15 USD compared to the last session of last week and 30 dong / USD higher than the bottom of the week. The cash purchase price in USD was 22,915 VND / USD.
On Eximbank, the sale price of USD was 23,120 dong / USD, the purchase price was 22,930 dong / USD.
