Gold price on May 21: SJC gold bars increased to 121 million VND/tael

In the domestic market, this morning, gold brands simultaneously increased prices following the world gold price movement. SJC gold bars increased by nearly 2 million VND/tael to trade at 121 million VND/tael; SJC gold rings traded at 115 million VND/tael.

Gold price statistics of Dragon Viet Online Service Joint Stock Company VDOS - Updated at 11:30 on May 21.

Specifically, at 11:30 a.m. on May 21, Saigon Jewelry Company (SJC) listed the buying and selling price of SJC gold bars at 118.5-121 million VND/tael, an increase of 1.7 million VND compared to the previous session. The difference between buying and selling is 2.5 million VND/tael.

SJC 9999 gold ring price is 112 million VND/tael for buying and 115 million VND/tael for selling.

DOJI gold bar price in Hanoi and Ho Chi Minh City is bought at 118.5 million VND/tael and sold at 121 million VND/tael, an increase of 1.7 million VND compared to the previous session.

This brand listed the buying and selling price of Doji Hung Thinh Vuong 9999 gold ring at 112-115 million VND/tael.

PNJ Gold is currently buying at 112 million VND/tael and selling at 115 million VND/tael, an increase of 1 million VND compared to the previous closing price.

As of 11:30 a.m. on May 21 (Vietnam time), the world gold price increased by 72.9 USD/ounce compared to the previous trading session's close to 3,301.3 USD/ounce.

World gold prices this morning increased "vertically" as the USD continued to weaken and concerns related to US tariff policies increased demand for gold as a safe haven.

In his speech on Monday, JP Morgan CEO Jamie Dimon said that the full impact of the US-China trade war has yet to be fully felt by businesses and consumers, and he warned that the stock market could continue to decline.

World gold price chart on May 21. (Photo: kitco.com)

In the context of a constantly fluctuating world economy and increasing geopolitical instability, gold continues to play its role as a safe haven asset favored by investors.

“Gold is facing strong resistance at $3,350 an ounce,” said Phillip Streible, chief market strategist at Blue Line Futures. “We are trading in a new range of $3,150 to $3,350 an ounce.”

For his part, Marex analyst Edward Meir also gave a similar forecast that gold prices will be in a trading range of $3,000-3,500/ounce for the rest of the year.

This morning, the USD-Index slightly decreased to 99.65 points; the yield on 10-year US Treasury bonds was at 4.506%; US stocks fell due to new concerns about the tariff situation; world oil prices increased by 1.5%, trading at 66.56 USD/barrel for Brent oil and 63.22 USD/barrel for WTI oil.

According to nhandan.vn

Source: https://baolaocai.vn/gia-vang-ngay-215-vang-mieng-sjc-tang-len-muc-121-trieu-dongluong-post402120.html