In the domestic market, this morning, following the world gold price, the gold prices of all brands simultaneously increased sharply to new peaks, unprecedented to date . The price of gold bars is currently trading at 106.4 million VND/tael.
Specifically, at 10:30 a.m. on April 11, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 103.4-106.4 million VND/tael, an increase of 2.8 million VND/tael compared to yesterday's closing price. The difference between buying and selling is 3 million VND/tael.
SJC 9999 gold ring price is 102.4 million VND/tael for buying and 105.4 million VND/tael for selling.
DOJI gold bar price in Hanoi and Ho Chi Minh City is bought at 103.4 million VND/tael and sold at 106.4 million VND/tael, an increase of 2.8 million VND/tael compared to yesterday's closing price.
This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 101.4-105 million VND/tael.
PNJ Gold is currently buying at 101.9 million VND/tael and selling at 105.1 million VND/tael, up 2 million VND and 2.2 million VND/tael respectively.
As of 10:30 a.m. on April 11 (Vietnam time), the world gold price increased by 132.9 USD compared to the previous session to 3,216.9 USD/ounce.
World gold prices skyrocketed this morning to new historical peaks, surpassing the 3,200 USD/ounce mark as US stocks just had a sharp decline and the USD also lost value, causing the demand for safe haven capital in precious metals to continue to increase.
The US stock market was once again “shaken” yesterday due to concerns about the US-China trade war. The indexes all fell sharply, Dow Jones “evaporated” 1,014 points, Nasdaq fell 737 points, S&P 500 fell 188 points.
Many stock investors have shifted capital into gold, causing today's gold price to increase "vertically".
In addition, the USD has fallen sharply and world crude oil prices are below the 60 USD/barrel mark, giving this precious metal even more reason to increase sharply.
The World Gold Council (WGC) said that growing concerns about lower US economic growth have prompted investors to shift capital into precious metals. Specifically, according to WGC, gold investment funds bought 92 tons of gold in March.
This morning, the USD-Index fell sharply to 99.94 points; the yield on 10-year US Treasury bonds increased sharply to 4.445%; US stocks plummeted; world oil prices fell across the board, trading at 63.09 USD/barrel for Brent oil and 59.72 USD/barrel for WTI oil.
Source: https://baolaocai.vn/gia-vang-ngay-114-tang-dung-dung-vuot-106-trieu-dongluong-post400008.html
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