SJC gold prices surged sharply.

This morning (November 21st), the price of SJC gold bars continued to rise sharply by nearly 1 million VND/ounce, reaching close to 86 million VND/ounce.

Saigon Jewelry Company is listed. SJC gold bar price Gold prices are 82.7 - 85.7 million VND/ounce for buying and selling, an increase of 700,000 VND/ounce compared to yesterday morning.

Other gold trading businesses such as Bao Tin Minh Chau, Doji , and Phu Quy also simultaneously increased prices. gold bars SJC gold reached 85.7 million VND/ounce for selling price.

Since the beginning of the week, the price of SJC gold bars has increased by nearly 3 million VND per tael. The difference between the buying and selling price is 3 million VND per tael.

The price of SJC gold bars has increased sharply since the beginning of the week (photo: Nhu Y).

Gold ring prices Gold prices also increased sharply, following the price increase of gold bars. Bao Tin Minh Chau Company listed the price of gold rings at 84.33 - 85.25 million VND/ounce for buying and selling, an increase of half a million VND/ounce compared to yesterday morning.

Doji Group listed the price of round gold rings at 84.3 - 85.3 million VND/ounce, an increase of 1.1 million VND/ounce.

At the same time, the world gold price was listed at $2,652 per ounce, an increase of $15 per ounce compared to yesterday morning.

In the currency market this morning, State Bank of Vietnam The central exchange rate was listed at 24,285 VND/USD, a decrease of 8 VND/USD compared to yesterday morning.

Consequently, the USD exchange rate at commercial banks also decreased. Specifically, exchange rate At Vietcombank, the USD exchange rate is listed at 25,170 – 25,449 VND/USD, a decrease of 5 VND/USD for buying and 8 VND/USD for selling compared to yesterday morning.

BIDV listed the buying and selling prices of USD at 25,215 – 25,449 VND/USD, a decrease of 2 VND/USD in the buying price and a decrease of 8 VND/USD in the selling price.

Meanwhile, the US dollar exchange rate on the free market continued to rise to 25,727 – 25,848 VND/USD for buying and selling, an increase of 27 VND/USD for buying and a sharp increase of 47 VND/USD for selling compared to yesterday morning.

According to the latest figures released by the State Bank of Vietnam, VND interest rates The average interbank overnight rate (the main rate accounting for approximately 90% of transaction value) rose to 5.89% per annum on November 18th. The interbank overnight rate is currently trading at its highest level since April 2023.

Along with overnight rates, interest rates for most other key maturities have risen above 5% per annum in recent sessions. Specifically, the 1-week rate increased to 5.73%, the 2-week rate to 5.19%, and the 1-week rate to 5.67%.

Along with the increase in interbank interest rates, system liquidity is also showing signs of tightening as many banks turn to the State Bank's open market operations (OMO) channel for lending against pledged securities.

Accordingly, from November 4th to November 19th, dozens of credit institutions participated in the State Bank of Vietnam's securities auctions, with the winning bid volume consistently remaining at 10,000 - 20,000 billion VND per session.

Amidst banks increasing short-term lending and imposing restrictions... With the purchase of treasury bills, the total amount of outstanding OMOs on the collateralized lending channel increased to nearly VND 100 trillion by the end of the trading session on November 19th, while the amount of outstanding treasury bills decreased to VND 29.7 trillion in the market. Overall, the State Bank of Vietnam is in a net injection of nearly VND 70.3 trillion into the banking system.

The State Bank of Vietnam has taken recent steps to cool down the USD exchange rate.

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