Gold price today May 15: Drop by drop, SJC gold is 19 million VND more expensive than the world

On the morning of May 15, the price of gold bars at Saigon Jewelry Company - SJC was bought at 117.4 million VND, sold at 119.4 million VND, down 600,000 VND compared to yesterday. Only the price of 4-number-9 gold rings was kept unchanged by SJC, still buying at 112.5 million VND, selling at 115 million VND. Meanwhile, Phu Nhuan Jewelry Company (PNJ) reduced the buying price by 1 million VND, down to 112 million VND, selling at 500,000 VND, down to 15 million VND...

Gold price continues to decrease on the morning of May 15

The world gold price decreased by 63 USD after one day, down to 3,181 USD/ounce - this is the lowest level in more than 1 month. Converted according to Vietcombank , the world gold price is equivalent to 100.17 million VND/tael (excluding tax and fees). Currently, each tael of SJC gold bar is nearly 19.3 million VND higher than the world price.

The gap between domestic and world gold prices has been continuously pushed to a record level, around 18 - 19 million VND/tael. Most recently, the Prime Minister requested the State Bank to preside over and coordinate with relevant agencies to continue to seriously, fully, effectively and promptly implement assigned tasks and solutions to stabilize the gold market. Do not let fluctuations in gold prices affect the stability and safety of the financial and monetary markets, stabilize the macro economy , control inflation, promote economic growth and social psychology.

World gold prices have been falling since the beginning of the week due to the cooling of tariff tensions. The temporary agreement on tariffs between China and the US has raised investors' hopes that a specific agreement will be reached soon. This helps to prevent the trade war from escalating. US President Donald Trump said he may negotiate directly with Chinese President Xi Jinping on the details of a trade deal.

“The global rally driven by the sharp reduction in tariffs by the US and China has caused a correction through gold’s technical levels,” Tai Wong, an independent metals investor, told CNBC./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-vang-hom-nay-1552025-giam-nho-giot-vang-sjc-dat-hon-the-gioi-19-trieu-dong-185250515073726332.htm

Source: https://baolongan.vn/gia-vang-hom-nay-15-may-giam-nho-giot-vang-sjc-dat-hon-the-gioi-19-trieu-dong-a195289.html