Tonight, the world gold price suddenly increased vertically - Screenshot
The gap between domestic and world gold prices suddenly narrowed.
The increase in world gold price is equivalent to 1.94 million VND/tael.
Today's news of the US non -farm payrolls being released was worse than expected, thus strengthening the upward momentum for gold prices.
At the current price, converted according to the listed exchange rate at the bank, the world gold price is equivalent to 106.6 million VND/tael.
The price of SJC gold bars at the end of today increased by 200,000 VND/tael in both buying and selling directions, to 121.4 million VND/tael, buying at 119.9 million VND/tael.
Meanwhile, the price of 9999 gold rings increased by VND200,000/tael, to VND114.6 million/tael (buy) and VND117.1 million/tael (sell).
Compared to the converted world gold price, the price of SJC gold bars is 14.8 million VND/tael higher, and the price of gold rings is 10.5 million VND/tael higher.
The unexpected increase in world gold prices has narrowed the gap between domestic and world gold prices (readers can follow the developments in domestic gold prices here).
Expert Tran Duy Phuong recommends that with the current difference, one should not buy SJC gold bars because it is too risky, while the price of 9999 gold bars is much lower than the difference in price of gold rings.
USD price increased sharply
USD price also increased sharply - Photo: QUANG DINH
In recent days, the State Bank has continuously increased the central exchange rate to a record high. Today, the central exchange rate increased by 9 VND, to 25,249 VND/USD, also the highest level ever.
With a margin of +/-5%, banks listed the highest USD selling price at 26,511 VND/USD and the lowest at 23,987 VND/USD.
Vietcombank buys at 26,000 VND, sells at 26,390 VND, up 10 VND/USD compared to yesterday.
ACB also increased the buying price to 26,010 VND/USD, selling price to 26,390 VND/USD, an increase of 20 VND/USD compared to yesterday. Meanwhile, Eximbank also increased the buying and selling price of USD to the same level.
Thus, compared to the allowed ceiling, the USD selling price at banks is 121 VND/USD lower.
The US dollar strengthened against major currencies after the US Federal Reserve (Fed) kept interest rates unchanged as expected by the market, despite pressure from President Donald Trump. The Federal Open Market Committee (FOMC) voted 9-2 to keep interest rates unchanged in the range of 4.25% - 4.5%.
With the current developments, the market only expects one interest rate cut, instead of two as before.
Source: https://tuoitre.vn/gia-vang-the-gioi-lai-tang-thang-dung-20250801210216191.htm
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