Gold prices retreated to near 160 million VND per tael.

VTV.vn - Following the downward trend of world gold prices, domestic gold prices on the morning of May 15th retreated to near the 160 million VND/ounce mark.

At 8:35 AM, Phu Quy Group and other businesses listed SJC gold prices at 161.5 - 164.5 million VND/ounce (buying price - selling price), a decrease of 500,000 VND/ounce in both buying and selling prices compared to the end of yesterday.

Silver prices also saw a sharp decline. At Phu Quy Group, at 8:35 AM, the buying and selling prices of silver bars were listed at 3.010 - 3.087 million VND/ounce respectively. Compared to yesterday's closing price, this represents a 6.4% decrease.

On the morning of May 15th, the world gold price listed on Kitco was $4,661 per ounce, a decrease of $39 per ounce compared to the beginning of yesterday morning.

Gold prices fell as investors weighed persistent inflationary signals, US Treasury yields remaining around 4.4%, and the precarious situation surrounding Iran and the Strait of Hormuz.

Domestic SJC gold prices fell on the morning of May 15th.

Technically, analysts believe the $4,660-$4,680/ounce range is currently acting as crucial support for gold prices. If this level is maintained, gold prices could return to challenge the $4,757/ounce range and further into the $4,860-$4,880/ounce area in the near future.

Many experts believe that the global gold market is falling as hotter-than-expected US inflation data is causing the US dollar and bond yields to rise again. However, tensions in the Middle East and energy supply risks are still helping the precious metal maintain high prices.

Silver prices reverse course and fall.

On the morning of May 15th, the price of Ancarat 999 silver bars (1 tael) at Ancarat Precious Metals Company was listed at 3.02 - 3.09 million VND/tael (buying and selling price), a decrease of 190,000 VND/tael in the buying price and 200,000 VND/tael in the selling price compared to the previous trading session. The difference between the buying and selling price was 70,000 VND/tael.

Ancarat Precious Metals Company listed the price of Ancarat 999 silver bars (1kg) at 80.48 - 82.56 million VND/kg (buying and selling price), a decrease of 5.17 million VND/kg in the buying price and a decrease of 5.28 million VND/kg in the selling price compared to the closing price of the trading session on May 14th.

At the same time, the price of 999 silver bars (1 tael) at Phu Quy Gold, Silver and Gemstone Group was listed at 3.01 - 3.09 million VND/tael (buying and selling price), a decrease of 200,000 VND/tael in the buying price and a decrease of 210,000 VND/tael in the selling price compared to the previous trading session.

The price of 999 sterling silver bars (1kg) at Phu Quy Gold, Silver and Gemstone Group is listed at 80.42 - 82.47 million VND/kg (buying price - selling price), a decrease of 5.41 million VND/kg in the buying price and a decrease of 5.53 million VND/kg in the selling price compared to the closing price of the previous trading session.

Sacombank Gold, Silver and Gemstone Company Limited ( Sacombank - SBJ) listed the price of silver bars at 3 - 3.1 million VND/ounce (buying price - selling price).

On the world market, as of the morning of May 15th (Vietnam time), the spot price of silver on the Kitco exchange was $81.05 per ounce, down $5.77 per ounce compared to the previous trading session.

Source: https://vtv.vn/gia-vang-lui-ve-sat-160-trieu-dong-luong-100260515095219444.htm