Gold price today (afternoon of May 24): All increased by 500,000 VND/tael - Lang Son Newspaper and Radio and Television Station

As of the afternoon of May 24, SJC gold of Saigon Jewelry Company (SJC), DOJI Jewelry Group, and Bao Tin Minh Chau was simultaneously bought at 119 million VND/tael and sold at 121 million VND/tael, an increase of 500,000 VND/tael in both directions compared to yesterday.

Meanwhile, Phu Quy Gold and Gemstone Group bought SJC gold bars at VND118 million/tael and sold at VND121 million/tael, an increase of VND500,000/tael in both directions compared to yesterday.

Gold prices today (May 24) increased by 500,000 VND/tael. Photo: laodong.vn

PNJ brand gold rings in Hanoi and Ho Chi Minh City are being bought at 113 million VND/tael; sold at 116 million VND/tael, an increase of 500,000 VND/tael in both directions compared to yesterday.

Thus, in the past month (from April 24 to May 24), Domestic gold prices continued to remain high, with the increase range narrowing. Specifically, SJC gold increased by VND500,000/tael in the buying direction, from VND118.5 million/tael to VND119 million/tael; while the selling price remained unchanged at VND121 million/tael.

In the international market, early this morning in the New York market, the world gold price increased by more than 2%. The world spot gold price increased by 2.1% to 3,362.7 USD/ounce. The world gold price for future contracts increased by 2.1% to 3,365.8 USD/ounce. For the whole week, the world gold price increased by 5.1% and reached the highest level in 2 weeks.

According to analysis by Standard Chartered Bank, strong buying power from exchange-traded funds (ETFs) in Asia as well as geopolitical tensions are the latest factors pushing up world gold prices recently.

However, Standard Chartered bank experts believe that in the remaining period of the year, when trade tensions cool down and large stimulus packages from governments of several countries, including the US, will bring many positive effects to the economy, world gold prices will likely decrease quite deeply.

Source: https://baolangson.vn/gia-vang-hom-nay-chieu-24-5-dong-loat-tang-500-000-dong-luong-5047996.html