On the morning of April 22, Saigon Jewelry Company (SJC) listed gold price The price of gold bars is at 119 - 121 million VND per tael, increasing by 3 million VND in both buying and selling prices. Thus, gold bars have set a new price record. The difference between buying and selling prices remains at 2 million VND.
Phu Nhuan Jewelry Joint Stock Company (PNJ) also lists gold bar prices like SJC.
Although the price of gold bars increased, SJC still kept the price of plain gold rings the same as yesterday, maintaining the price of 113 - 116 million VND per tael. The difference between buying and selling is 3 million VND. Bao Tin Minh Chau and PNJ also maintained the price of plain gold rings compared to yesterday, at 114.5 - 118 million VND per tael. However, the buying and selling margin of these two brands is higher, at 3.5 million VND per tael.
Domestic gold prices increased immediately after the price of this precious metal in the international market set a new peak. At the end of the trading session on April 21, the world spot gold price increased by 96 USD to 3,423 USD per ounce. In the morning session on April 22, the market continued to rise, reaching a new record high of 3,448 USD, converted according to Vietcombank exchange rate of 108.4 million VND per tael.
The gap between domestic and world gold prices is more than VND12 million. Gold prices rose due to a weaker USD and increased demand for safe havens as US-China trade tensions escalated. The USD fell to a three-year low against other major currencies. The weak dollar makes gold more attractive to buyers using other currencies.
The dollar fell as investor confidence in the US economy declined after President Donald Trump repeatedly criticized Federal Reserve Chairman Jerome Powell. On the social network Truth Social, Mr. Trump called Powell a "big loser" and warned that the US economy would slow down if interest rates were not cut "immediately."
Source: https://baoquangninh.vn/gia-vang-mieng-sjc-lap-dinh-moi-len-121-trieu-dong-3354559.html
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