At 9:00 a.m. on August 1, the price of SJC gold bars was listed by gold companies at 119.9 million VND/tael for buying and 121.4 million VND/tael for selling, up 200,000 VND/tael compared to yesterday.
Similarly, the price of 99.99% gold rings and jewelry gold also increased by VND200,000/tael, to VND114.6 million/tael for buying and VND117.1 million/tael for selling.
This is a rather surprising development in domestic gold prices, when they did not adjust down according to world prices but instead increased again.
In the international market, the price of gold today continues to remain low after breaking through the 3,300 USD/ounce mark. Currently, the precious metal on the international market is trading at 3,288 USD/ounce, down about 8 USD/ounce compared to yesterday.
USD strengthens, gold price loses appeal
The downward trend of world gold prices has continued since last weekend. In just a few days, each ounce of gold has lost up to 150 USD/ounce.
World gold prices fell due to the strong increase of the USD. The USD index (DXY) on the international market increased beyond the 100-point mark this morning - the highest level in more than 2 months.
Domestic gold price rebounds
Information that central banks in many countries will buy less gold in the second quarter of 2025 also makes this metal unable to recover in the short term.
Currently, the world gold price converted according to the listed exchange rate is about 104.6 million VND/tael, 16.5 million VND/tael lower than the price of SJC gold bars. This is an increasingly widening gap, contrary to the expectations of domestic investors.
According to some experts, the domestic gold market is quiet as investors are staying out of the market to listen to information and wait for new developments from gold management policies.
"Gold prices are also losing interest as other investment channels such as stocks and silver become more active," said a gold expert.
Source: https://nld.com.vn/gia-vang-mieng-sjc-vang-nhan-tang-tro-lai-19625080109213678.htm
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