With the same quality of 4-9 gold, the price of SJC gold bars is 1.5 - 4.4 million VND higher than that of gold rings per tael. The price of SJC gold bars remained unchanged at the beginning of the day. Saigon Jewelry Company - SJC bought 118.5 million VND and sold 120.5 million VND. The price of gold rings was 113 million VND and sold 115.6 million VND. The price of SJC gold bars was 18.2 million VND/tael higher than the world price, while the price of gold rings was 13 - 17 million VND/tael higher.
SJC gold bar price stands at over 120 million VND/tael
The world gold price fell by 7 USD compared to the beginning of the day, down to 3,244 USD/ounce. However, this price compared to the lowest level in the US trading session (the night of May 14) also increased by 15 USD/ounce. The gold price fluctuated within a range of a few dozen dollars in recent trading sessions. There are many reasons for the sharp decline of the precious metal, such as optimistic signals from the US economy. The US has just announced that the consumer price index in April increased by 2.3% compared to the same period last year, slightly down from the 2.4% increase in the March report. The core CPI (excluding food and energy) increased by 2.8% compared to the same period last year, also unchanged from the March report and in line with market expectations. Following this data, the market has increased expectations for at least two more interest rate cuts by the US Federal Reserve (Fed) this year.
Investors also kept an eye on the US-China trade war, after the two countries reached a temporary truce by reducing tariffs on some of each other’s products for 90 days. The easing of US-China tensions has reduced safe-haven demand this week. However, global gold still recorded an increase of about 25% compared to the beginning of the year./.
According to Thanh Nien Newspaper
Source: http://thanhnien.vn/gia-vang-hom-nay-1452025-vang-mieng-sjc-dat-hon-the-gioi-18-trieu-dong-luong-185250514083813628.htm
Source: https://baolongan.vn/gia-vang-hom-nay-14-5-vang-mieng-sjc-dat-hon-the-gioi-18-trieu-dong-luong-a195225.html
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