| Gold prices moved in opposite directions; SJC gold rose slightly, while 999.9 gold rings fell to 76.50 million VND/ounce. Meanwhile, gold prices surged sharply, with SJC gold surpassing 85.30 million VND/ounce. |
Gold price domestic
Around noon on April 16th, the price of SJC gold reversed sharply downwards. Currently, the price of SJC gold at Phu Nhuan Jewelry Joint Stock Company is trading around 82.20 - 84.30 million VND/ounce, a decrease of 800,000 VND/ounce for both buying and selling prices compared to yesterday.
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| Gold trading price list at Phu Nhuan Jewelry Joint Stock Company |
The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 81.85 - 84.05 million VND/ounce, down 850,000 VND/ounce for buying and 800,000 VND/ounce for selling compared to yesterday.
At Phu Quy Group, the price of SJC gold bars is currently trading around 81.70 - 84.00 million VND/ounce for buying and selling, a decrease of 900,000 VND/ounce for buying and a decrease of up to 1.3 million VND/ounce for selling compared to yesterday.
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The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 81.80 - 84.20 million VND/ounce, a decrease of 200,000 VND/ounce for both buying and selling prices compared to the previous session.
In contrast to the price of SJC gold, the price of 999.9 gold rings today increased across different businesses. Specifically, the price of 999.9 gold rings (24k), Thang Long gold bars, and plain gold rings at Bao Tin Minh Chau Company traded at 75.08 - 76.98 million VND/ounce for buying and selling, an increase of 900,000 VND/ounce for both buying and selling compared to yesterday.
999.9 (24k) Thang Long gold jewelry is trading around 74.55 - 76.75 million VND/ounce, an increase of 250,000 VND/ounce for both buying and selling prices compared to yesterday.
Similarly, gold rings from Thang Long Gold Dragon and Kim Gia Bao, manufactured by Bao Tin Manh Hai Company, are trading around 75.56 - 77.26 million VND/ounce (buy-sell), an increase of 450,000 VND/ounce in the buying price and 280,000 VND/ounce in the selling price compared to yesterday.
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| Gold prices traded at Bao Tin Manh Hai |
The price of 999.9 gold is around 74.65 - 76.75 million VND/ounce, an increase of 250,000 VND/ounce for both buying and selling prices compared to yesterday. The price of 99.9 gold is currently fluctuating around 74.55 - 76.65 million VND/ounce, an increase of 250,000 VND/ounce for buying and 150,000 VND/ounce for selling compared to yesterday.
At Phu Quy Group, Phu Quy 999.9 gold rings and Phu Quy 999.9 gold God of Wealth rings are trading around 75.50 - 77.30 million VND/ounce, an increase of 150,000 VND/ounce for both buying and selling prices compared to yesterday.
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| Gold prices traded at Phu Quy Group |
24K 999.9 gold is currently trading around 74.40 - 76.40 million VND/ounce, an increase of 150,000 VND/ounce for both buying and selling prices compared to yesterday.
World gold prices
On the international market, the price of precious metals fluctuated sharply last night, at one point falling to near $2,320 per ounce, before rising again close to $2,390 per ounce. By midday today, gold was trading at $2,387 per ounce.
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| World gold price chart this afternoon |
Based on the USD selling price listed at Vietcombank , this price is equivalent to approximately 72.7 million VND per tael, an increase of 900,000 VND per tael compared to yesterday morning.
According to one research firm, gold's volatile surge above $2,400 last week may represent the precious metal's highest point of the year as the market adjusts to expectations that the Federal Reserve will maintain its aggressive monetary policy for longer than anticipated.
Gold prices also received support following positive US economic data. US retail sales rose 0.7% in March, significantly higher than expected. This increase exceeded market expectations of a 0.3% rise. This followed an upwardly revised 0.9% increase in February, indicating continued strong US consumer spending. This news helped push 10-year US Treasury yields higher to around 4.65%.
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