SJC gold and ring gold prices increase again following world trends

(NLDO) – The price of SJC gold bars and gold rings increased again following the upward trend of world prices.

On the morning of July 30, the price of SJC gold bars fluctuated after 2 days of stability, when SJC, PNJ, DOJI companies listed it at 120 million VND/tael for buying and 121.5 million VND/tael for selling, an increase of 400,000 VND/tael.

Similarly, the price of 99.99% gold rings and jewelry gold also jumped to 114.7 million VND/tael for buying and 117.2 million VND/tael for selling, an increase of about 300,000 VND per tael.

The domestic gold price has been decreasing slowly and increasing rapidly in recent days despite the strong fluctuations in the world price. This has caused the gap between domestic and foreign gold prices to remain very high.

However, the domestic gold market has remained very quiet in recent days. Some market information companies mainly reported price fluctuations, while demand and purchasing power declined.

"Many investors are waiting for the price of SJC gold bars to decrease, narrowing the gap with world prices, so they are not in a hurry to buy. On the other hand, those who are holding gold are not in a hurry to sell when the price remains high," said a representative of a gold company.

SJC gold bar price increases again

In the international market, the gold price recovered when it was traded at 3,329 USD/ounce, up about 10 USD/ounce compared to yesterday. According to analysts, the gold price recovered despite the increase of the USD in the international market. The USD index (DXY) is currently trading at 98.77 points, the highest in the past 5 weeks.

The gold market is waiting for developments from the US Federal Reserve's (FED) monetary policy meeting, with expectations that the base interest rate will continue to be kept unchanged.

Currently, the world gold price converted according to the listed exchange rate is about 105.6 million VND/tael, nearly 16 million VND/tael lower than the price of SJC gold bars. This is a huge difference in the past few weeks.

Source: https://nld.com.vn/gia-vang-sjc-cao-hon-the-gioi-gan-16-trieu-dong-luong-196250730092453285.htm