Opening the morning session on March 12, the price of SJC gold bars was listed by large enterprises at 80.3-82.3 million VND/tael (buy - sell), an increase of 100,000 VND each way compared to the closing price yesterday. The difference between the two buying and selling directions decreased from 2.5 million VND to 2 million VND/tael.
Gold rings are listed at 69-70.25 million VND/tael (buy - sell), up 100,000 VND in buying price and 150,000 VND in selling price compared to before.
At 10:20 a.m., each tael of gold continued to increase by VND200,000 in both buying and selling directions, listed at a new record of VND80.5-82.5 million/tael.
Ring gold is still listed at 69-70.25 million VND/tael (buy - sell), up 100,000 VND for buying, up 150,000 VND for selling compared to yesterday's closing price.
Compared to the beginning of the year, the price of gold rings increased by nearly VND8 million/tael, equivalent to an increase of 13%. If only counting this week, the price of plain gold rings at domestic enterprises increased by about VND2.5-3 million/tael.
Gold prices continue to increase (Photo: Thanh Dong).
Since the end of February, domestic gold prices have been fluctuating with many surprising numbers, continuously breaking records. As soon as an old record was set, a new one appeared immediately after.
The domestic price of SJC gold bars has increased following the international gold price. Currently, the domestic gold price is 17 million VND/tael more expensive than the international price for SJC gold bars.
In the international market, the price of gold reached 2,183 USD, up 0.7 USD compared to the opening price on March 11. In the session on March 9, there was a time when world gold nearly reached 2,200 USD/ounce.
Gold's historic run could continue, especially as investors brace for interest rate cuts, according to CNBC News .
Gold prices on the market reached their highest level since 1979 on March 9, close to $2,200/ounce.
Free USD price is contrary to official market
The USD Index - a measure of the greenback's strength against a basket of major currencies - fell to 102.8 points, down 1.83% from six months ago but up 1.38% from the beginning of the year.
The State Bank of Vietnam this morning listed the central exchange rate at 23,972 VND/USD, down 24 VND from the previous one. With the current 5% band, the USD price at commercial banks is allowed to fluctuate from 22,776 VND to 25,170 VND.
On the trading channels of commercial banks, the USD selling price turned down by 30-60 VND. Large banks listed the price at 24,420-24,790 VND/USD (buy - sell), down 20 VND each way compared to before. At joint stock banks, the price was 24,445-24,910 VND (buy - sell).
Foreign exchange centers listed the USD price at 25,500-25,700 VND/USD (buy - sell), an increase of 30 VND for buying and 150 VND for selling compared to before.
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