At 9 AM, Saigon Jewelry Company, DOJI Group, and Bao Tin Minh Chau Company Limited simultaneously listed the price of SJC gold bars at 156 - 159 million VND/ounce for buying and selling, unchanged from yesterday morning. However, compared to a week ago, the price of SJC gold bars has decreased by 2.5 million VND/ounce.
Similar trends were observed in the gold ring segment. Accordingly, plain gold rings from Bao Tin Minh Chau and DOJI traded around 156 - 159 million VND/ounce. Phu Quy gold rings were listed at 155.5 - 158.5 million VND/ounce.
Compared to last weekend, the price of gold rings has also decreased by about 2-2.5 million VND/ounce, reflecting the general adjustment trend of the domestic gold market.
The decline in gold prices occurred amidst continuous fluctuations in global gold prices and profit-taking pressure after a period of strong gains. The greater stability of international financial markets and expectations regarding the monetary policy of the US Federal Reserve (Fed) also contributed to reducing the attractiveness of the precious metal.
After a period of significant volatility, the gold market is entering a correction and consolidation phase. The future price of gold will continue to depend on global market trends, the Fed's interest rate policy, and fluctuations in the USD exchange rate.
Meanwhile, silver prices remained unchanged for a week. Phu Quy and DOJI silver bars were priced at 78 million VND/kg.
In the currency market, the State Bank of Vietnam announced the central exchange rate at 25,137 VND/USD, unchanged from yesterday.
At Vietcombank, the USD exchange rate is listed at 26,113 - 26,393 VND/USD (buy - sell). The free market USD rate is around 26,480 - 26,530 VND/USD.
Source: https://tienphong.vn/gia-vang-giam-lien-tiep-trong-tuan-qua-post1847749.tpo
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