(NLDO) – The price of SJC gold bars and gold rings suddenly increased sharply at the end of the day when the world price far exceeded the mark of 2,900 USD/ounce.
At the end of February 18, SJC, PNJ, and DOJI companies listed the buying price of SJC gold bars at VND88.6 million/tael and the selling price at VND91.1 million/tael - an increase of VND300,000 compared to the morning. During the day, the gold price increased by half a million VND/tael.
Businesses narrowed the buying and selling price gap to about 2.5 million VND/tael.
The price of gold bars also varies between units. Banks such as TPBank sell for 91.1 million VND; Eximbank sells gold bars for about 90.8 million VND...
Similarly, the price of 99.99 gold rings and jewelry gold also continued to increase when listed by businesses for buying at VND88.6 million/tael and selling at VND90.9 million/tael - an increase of VND300,000 compared to the morning. During the day, the price of gold rings increased by a total of half a million VND/tael.
Domestic gold prices increased sharply at the end of the day
Domestic gold prices increased for three consecutive days, reaching a total of nearly 1 million VND/tael. Many people expressed surprise at the rapid recovery of gold prices.
At the end of last week, the price of gold "evaporated" by millions of VND/tael and many investors expected that the downward trend could continue to drag the price of SJC gold bars down. However, the domestic gold price suddenly increased sharply at the end of the day following the world's upward trend.
In the international market, the price of gold today is trading around 2,911 USD/ounce, up about ten USD/ounce compared to the previous session. The precious metal in the international market continues to recover after a sharp decline last weekend.
Gold prices recovered in tandem with the USD, as the USD index on the international market increased to 106.8 points (up 0.24% compared to the previous session). However, the USD index is still at its lowest level in about 2 months.
According to analysts, the weakening USD and low US bond yields are supporting gold prices to rise again.
Currently, the world gold price converted according to the listed exchange rate is about 90.2 million VND/tael, about 700,000 VND lower than gold rings and about 900,000 VND/tael lower than SJC gold bars. This is a record low difference between domestic and world gold prices.
Source: https://nld.com.vn/cuoi-ngay-18-2-gia-vang-mieng-sjc-vang-nhan-tang-vot-1962502181759244.htm
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