Gold price increased by 100,000-200,000 VND per tael

(HNMO) - Rising global gold prices have helped domestic gold prices increase by 100,000-200,000 VND per tael on the morning of May 31.

Gold prices are rising.

During last night's trading session, the price of gold rose 0.8%, to $1,958.8 per ounce. The price of the precious metal increased due to a decline in the US dollar and lower Treasury bond yields. In addition, many countries are interested in increasing their gold reserves. By nearly 9 PM, the price was trading at $1,959.9 per ounce.

In the domestic market, at the same time, Saigon Jewelry Company Limited listed the price of SJC gold bars at 66.5 million VND/ounce (buying) - 67.1 million VND/ounce (selling), an increase of 100,000 VND/ounce in both directions compared to the end of May 30th.

Phu Nhuan Jewelry Joint Stock Company increased the price of gold by 150,000 VND/ounce (buying price) and 200,000 VND/ounce (selling price), to 66.55 million VND/ounce (buying price) - 67.15 million VND/ounce (selling price).

Following the same trend, Phu Quy Group listed gold at 66.5 million VND/ounce (buying price) - 67.1 million VND/ounce (selling price), 100,000 VND/ounce higher than the end of the previous day in both directions.

The price of gold rings increased in some places at a similar rate to gold bars, but in others it increased more sharply. For example, Saigon Gold, Silver and Gemstone Company Limited increased the price of gold rings (1-5 tael) by 150,000 VND/tael in both directions, to 55.7 million VND/tael (buying) - 56.65 million VND/tael (selling). Phu Quy Group set the price of gold rings at 55.85 million VND/tael (buying) - 56.7 million VND/tael (selling), an increase of 100,000 VND/tael in both directions.

While the common buy-sell price range for gold rings is 850,000-950,000 VND/ounce, the price range for gold bars is 600,000 VND/ounce.

Domestic gold prices have increased, but at a slower pace than international prices. As a result, the price difference between the two markets has narrowed to approximately 11.1 million VND per tael.

Source: https://beta.hanoimoi.com.vn/gia-vang-tang-100-000-200-000-dong-moi-luong-443079.html