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As of 9:15 a.m., the price of SJC gold bars listed by SJC Company decreased by VND900,000/tael in both directions compared to yesterday, to VND117.1 million/tael for buying and VND119.1 million/tael for selling.
Some other businesses such as PNJ and Bao Tin Minh Chau also reduced 600,000 VND/tael for both buying and selling, trading at 117.4 million VND/tael for buying and 119.4 million VND/tael for selling.
This morning, PNJ Company reduced the price of 9999 gold rings by 1 million VND/tael for buying and 500,000 VND/tael for selling compared to yesterday, trading at 112 million VND/tael for buying and 115 million VND/tael for selling.
Bao Tin Minh Company reduced 700,000 VND/tael for both buying and selling, trading at 114.8 million VND/tael for buying and 117.8 million VND/tael for selling.
Phu Quy Group reduced 700,000 VND/tael for both buying and selling, listing at 112.8 million VND/tael for buying and 115.8 million VND/tael for selling.
SJC Company reduced the buying price by 800,000 VND/tael and the selling price by 300,000 VND/tael, quoting the price at 111.7 million VND/tael for buying and 114.7 million VND/tael for selling.
The price of 9999 gold rings has also been adjusted down sharply, with a common decrease of 500,000 to 1 million VND/tael compared to yesterday. However, the domestic price is still 15 to nearly 20 million VND/tael higher than the world gold price.
In the international market, the spot gold price dropped sharply to 3,163.8 USD/ounce (morning of May 15, Vietnam time), equivalent to about 99.5 million VND/tael after conversion, losing the 3,200 USD/ounce mark due to the impact of information from the US and China to sharply reduce import taxes within 90 days to continue trade negotiations. The market is currently waiting for the US producer price index (PPI) data, expected to be released on the same day, to get more signals about the monetary policy of the US Federal Reserve (FED).
State Bank recommends buying gold in accordance with regulations Faced with fluctuations in gold prices and increased buying and selling activities in some areas, the State Bank of Vietnam (SBV) Region 2 branch has issued a recommendation: People should only buy and sell SJC gold bars at licensed credit institutions and businesses. According to Mr. Nguyen Duc Lenh - Deputy Director of the State Bank of Vietnam, Region 2 Branch, buying and selling gold bars in violation of regulations will be punished according to Decree 88/2019 on administrative sanctions in the field of currency and banking. At the same time, he emphasized: "People need to be careful when investing in gold, avoid being influenced by crowd psychology or virtual price speculation". The State Bank of Vietnam further noted that gold is a highly volatile financial asset, affected by many domestic and foreign factors. Compliance with legal regulations not only helps stabilize the market but also limits risks for investors, contributing to protecting the common interests of the economy . |
According to Nhung Nguyen (SGGP Newspaper)
Source: https://baodongkhoi.vn/gia-vang-sjc-cao-hon-the-gioi-gan-20-trieu-dong-luong-ngan-hang-nha-nuoc-khuyen-cao-nguoi-dan-than--15052025-a146686.html
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