Domestic gold price today
Domestic gold bar prices have dropped sharply. Currently, gold brands are buying at 117.5 million VND/tael and selling at 119.5 million VND/tael. Phu Quy SJC gold is buying at 500,000 VND lower than other brands.
Similarly, the price of gold rings of various brands also decreased sharply. Specifically, the price of SJC 9999 gold rings decreased by 1.5 million VND in both directions, down to 112.5 million VND/tael for buying and 115 million VND/tael for selling, respectively.
 |
| Domestic gold prices drop sharply. Photo: thanhnien.vn |
DOJI in Hanoi and Ho Chi Minh City markets listed the price of gold rings at 112.5 million VND/tael for buying and 115 million VND/tael for selling, down 1.5 million VND in both directions.
Bao Tin Minh Chau listed the price of plain round gold rings at 115.7 million VND/tael for buying and 118.5 million VND/tael for selling, down 1.3 million VND for buying and 1.5 million VND for selling.
PNJ brand gold ring price is listed at 112.5 million VND/tael for buying and 115.5 million VND/tael for selling, down 2 million VND in both buying and selling.
Phu Quy SJC is buying gold rings at 114 million VND/tael and selling at 117 million VND/tael, down 1.5 million VND in both directions.
Domestic gold bar prices updated at 5:30 a.m. April 29 as follows:
Yellow | Area | Early morning April 28 | Early morning April 29 | Difference | ||||||
Buy | Sell | Buy | Sell | Buy | Sell | |||||
Unit of measure: Million VND/tael | Unit of measure: Thousand dong/tael | |||||||||
DOJI | 119 | 121 | 117.5 | 119.5 | -1500 | -1500 | ||||
Ho Chi Minh City | 119 | 121 | 117.5 | 119.5 | -1500 | -1500 | ||||
SJC | Ho Chi Minh City | 119 | 121 | 117.5 | 119.5 | -1500 | -1500 | |||
Hanoi | 119 | 121 | 117.5 | 119.5 | -1500 | -1500 | ||||
Danang | 119 | 121 | 117.5 | 119.5 | -1500 | -1500 | ||||
PNJ | Ho Chi Minh City | 119 | 121 | 117.5 | 119.5 | -1500 | -1500 | |||
Hanoi | 119 | 121 | 117.5 | 119.5 | -1500 | -1500 | ||||
Bao Tin Minh Chau | Nationwide | 119 | 121 | 117.5 | 119.5 | -1500 | -1500 | |||
Phu Quy SJC | Nationwide | 118.5 | 121 | 117 | 119.5 | -1500 | -1500 | |||
World gold price today
World gold prices increased, with spot gold prices increasing by 24.5 USD to 3,344.8 USD/ounce. Gold futures last traded at 3,347.7 USD/ounce, up 29.3 USD compared to early this morning.
Gold prices edged higher on Monday, as buying picked up after earlier losses, as a rebound in the dollar and hopes of easing U.S.-China trade tensions dented demand for safe-haven assets.
There are signs of exhaustion of selling pressure, said TD Securities commodity strategist Daniel Ghali, adding that the risk of a decline in gold prices is extremely low. According to him, large investment funds or Western investors have not participated in this rally, so there are not many sellers in the market to take profits, and the continued rise in gold prices clearly reflects that.
Often used as a safe store of value during times of political and financial uncertainty, gold rose to an all-time high of $3,500.05 an ounce last week on trade tensions, central bank demand and solid investment demand.
Without a substantive trade deal, gold prices are likely to rise further, said Fawad Razaqzada, a market analyst at City Index and FOREX.com.
The risk of the global economy falling into recession this year is high, according to a majority of economists polled by Reuters.
 |
| World gold prices increase. Photo: Getty Images |
In addition to waiting for clearer signals regarding the trade war, investors will also be waiting for a series of US economic data this week for clues on the path of the US Central Bank's interest rate cuts. Important data released this week include the US employment report, personal consumption expenditures and non-farm payrolls report.
According to UBS analyst Giovanni Staunovo, with the US Federal Reserve still expected to cut interest rates later this year, gold prices could retest the $3,500/ounce mark.
With the domestic gold bar price decreasing and the world gold price listed at Kitco at 3,344.8 USD/ounce (equivalent to about 105.5 million VND/tael converted according to Vietcombank exchange rate, excluding taxes and fees), the difference between domestic and world gold prices is about 14 million VND/tael.
TRAN HO HOAI
*Please visit the Economics section to see related news and articles.
Source: https://baodaknong.vn/gia-vang-hom-nay-29-4-giam-manh-250928.html
Comment (0)