Gold price drops 500,000 VND/tael, to lowest level in 3 days

On the morning of May 9, the domestic gold price dropped by 500,000 VND/tael, to the lowest level in the past 3 days. The reason was the decrease in the world gold price.

In the domestic market, opening, Saigon Jewelry Company Limited listed SJC gold bars at 118 million VND/tael (buy) - 120 million VND/tael (sell), down 500,000 VND/tael each way compared to the end of yesterday.

This company keeps the price of gold rings unchanged at 114 million VND/tael (buy) - 116.5 million VND/tael (sell).

Gold price decreased on the morning of May 9. Photo: HT

Phu Quy Group also reduced the price of SJC gold bars by VND500,000/tael each way, down to VND117 million/tael (buy) - VND120 million/tael (sell). The price of gold rings here is traded at VND114 million/tael (buy) - VND117 million/tael (sell), VND500,000/tael each way lower than the end of the previous day.

In the same trend, Phu Nhuan Jewelry Joint Stock Company reduced the price of gold rings by VND200,000/tael (buying) and VND600,000/tael (selling), listed at VND114 million/tael (buying) - VND116.6 million/tael (selling).

The price of SJC gold bars here decreased by 500,000 VND/tael each way, to 118 million VND/tael (buy) - 120 million VND/tael (sell). The current price is the lowest since May 6.

Yesterday, May 8, the price of SJC gold bars decreased by 1.7 million VND/tael each way, to below 121 million VND/tael; the price of gold rings was 1.2-1.5 million VND/tael (buying) and 900,000-1,500,000 VND/tael (selling) in the context of the world gold price decreasing.

On the international market, early this morning, the gold price was trading at 3,319 USD/ounce, down 51 USD compared to the same time the previous day. At 8:30, the precious metal was trading at 3,300 USD/ounce, converted to be about 15.7 million VND/tael lower than the domestic gold price.

Gold prices fell sharply due to the strong increase in the USD price and signs of easing trade tensions.

Source: https://hanoimoi.vn/gia-vang-giam-500-000-dong-luong-xuong-muc-thap-nhat-3-ngay-qua-701676.html