SJC gold bar price increases unexpectedly, approaching historical peak

(NLDO) – The price of SJC gold bars has increased continuously for many days, reaching a historical peak following the world's soaring trend.

On the morning of July 22, the price of SJC gold bars continued to be raised to a new high by SJC, PNJ, and DOJI companies, buying at 120.7 million VND/tael and selling at 122.7 million VND/tael, an increase of 700,000 VND per tael compared to yesterday.

Gold prices have increased continuously in recent days, not only surpassing the 121 million VND/tael mark but also reaching the historical mark set last April (124 million VND/tael).

Similarly, the price of 99.99% gold rings and jewelry gold also increased sharply to 115.5 million VND/tael for buying and 118 million VND/tael for selling, an increase of 500,000 VND per tael compared to yesterday.

SJC gold bar price continues to increase

Gold prices today jumped in the domestic market following the strong increase in world prices. In the international market, gold prices are trading at 3,424 USD/ounce, up about 50 USD/ounce compared to the previous session. This is a very strong increase in international gold prices, and also far surpassing the 3,400 USD/ounce mark - exceeding all previous forecasts.

Previously, both analysts and experts expected gold prices to rise this week, but could not break out in the short term. Some even predicted that gold prices could cool down, falling back to around the $3,200/ounce mark.

Gold prices rose amid a cooling of the US dollar index. The US dollar index (DXY) is now at 97.4 points, down a total of about 1.3% compared to last week. According to analysts, the weakening of this currency is one of the main factors driving gold prices.

Currently, the world gold price converted at the listed exchange rate is about 108.7 million VND/tael.

Source: https://nld.com.vn/gia-vang-mieng-sjc-gay-bat-ngo-196250723092123294.htm