Gold price suddenly drops sharply; Export rice price turns down by 5 USD/ton

Gold price suddenly dropped sharply

At the time of survey at 5:00 a.m. on November 24, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold today at 70.90 million VND/tael for buying and 71.70 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 70.70 - 71.40 million VND/tael (buy - sell).

vang 1.jpeg — Gold prices suddenly dropped sharply.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 70.95 - 71.68 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 70.80 - 71.90 million VND/tael (buy - sell).

In the world, according to Kitco, the gold price recorded at 5:00 a.m. today, Vietnam time, was at 1,992.890 USD/ounce, a difference of 2,715 USD/ounce compared to yesterday. Converted according to the current exchange rate at Vietcombank , the world gold price is about 57.514 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 13.286 million VND/tael higher than the international gold price.

World USD price reverses and decreases slightly

Today, November 24, USD/VND exchange rate, USD VCB increased by 35 VND in both buying and selling directions. World USD decreased slightly due to the quiet market situation.

The central VND/USD exchange rate announced by the State Bank today is adjusted to 23,915 VND/USD, an increase of 30 VND compared to the closing price of yesterday's trading session.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,060 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,060 VND/USD.

World USD price reversed and decreased slightly.

The bank USD exchange rate and foreign exchange rate this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,020 and a selling price of 24,390, an increase of 35 VND compared to yesterday's trading session. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.

Export rice price turns down 5 USD/ton

Current rice prices in the Mekong Delta remain stable. Export rice prices have fallen by 5 USD/ton.

In An Giang area, the update of the Department of Agriculture and Rural Development of An Giang province shows that OM 5451 rice is at 9,000 - 9,200 VND/kg; Dai Thom 8 rice fluctuates around 9,100 - 9,300 VND/kg; IR 504 rice remains stable at 8,700 - 8,900 VND/kg; OM 18 rice is at 9,100 - 9,200 VND/kg; Nang Hoa 9 is at 9,200 - 9,300 VND/kg; OM 18 rice is at 9,000 - 9,200 VND/kg; OM 380 fluctuates around 8,600 - 8,800 VND/kg.

For sticky rice, dry An Giang sticky rice is stable at around 9,400 - 9,800 VND/kg; dry Long An sticky rice is at 9,400 - 9,800 VND/kg.

In the rice market, raw rice prices today have no fluctuations.

At the market rice channel, the price of OM 18 and Dai Thom 8 raw rice remained around 13,900 - 14,100 VND/kg; OM 5451 raw rice fluctuated around 13,600 - 13,700 VND/kg; IR 504 raw rice was at 13,050 - 13,150 VND/kg; OM 380 raw rice remained at 12,850 - 12,950 VND/kg.

In the Mekong Delta provinces, the autumn-winter rice transaction was slow today, many areas could not agree on prices. The rice price level tended to decrease compared to yesterday.

In the rice market, there is currently a shortage of rice, and prices of all types of rice tend to decrease. Demand for purchases from warehouses is low, and rice transactions are slow.

In the export market, Vietnam's rice export prices today turned down after an upward adjustment. According to the Vietnam Food Association, in the trading session on November 22, the export price of 5% broken rice was at 658 USD/ton, down 5 USD/ton; the price of 25% broken rice fluctuated around 643 USD/ton, down 5 USD/ton.

In contrast to the downward trend of Vietnamese rice, Thai and Pakistani rice prices increased simultaneously.

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