SJC gold bar prices fell after the Prime Minister directed that there should be no market manipulation, hoarding, or price gouging - Photo: NP
SJC gold bar prices decreased by 300,000 VND/ounce.
Compared to the end of last week, the price of gold in the world market has increased by $28 per ounce, equivalent to nearly 800,000 VND per tael.
Today, the price of SJC gold bars reversed its upward trend after a series of consecutive increases, selling at 135.1 million VND/ounce, down 300,000 VND/ounce compared to the end of last week.
The buying price decreased by 800,000 VND/ounce, to 133.1 million VND/ounce.
The difference between the buying and selling price increased from 1.5 million VND/ounce to 2 million VND/ounce.
The selling price of 9999 gold rings at SJC Company remains unchanged at 130.2 million VND/ounce, while the buying price is 127.7 million VND/ounce. The difference between the buying and selling price is 2.5 million VND/ounce.
Today, the price of SJC gold bars decreased despite a sharp increase in world gold prices to an all-time high of $3,615 per ounce.
World gold prices rose sharply tonight - Screenshot
At current prices, the world gold price, converted using the exchange rate listed at banks, is equivalent to 115.5 million VND per tael.
Compared to the converted world gold price, the price of SJC gold bars is currently 19.6 million VND/ounce higher, while the price of gold rings is 14.7 million VND/ounce higher. This difference has decreased slightly compared to the end of last week, but it remains very high.
In the free market, this morning the price of SJC gold bars briefly dropped from its peak of 143 million VND/ounce last weekend to 138 million VND/ounce today.
By the end of the day, the price of SJC gold bars in the free market had risen to 139 million VND/ounce as world gold prices surpassed 2,600 USD/ounce. The buying price of SJC gold bars, however, decreased to 136 million VND/ounce.
On September 8-9, the Government Office issued a document conveying the directives of Deputy Prime Minister Nguyen Hoa Binh regarding the recent situation in the gold market.
The official document states that, regarding the recent gold market situation, in accordance with the Prime Minister's directive, Deputy Prime Minister Nguyen Hoa Binh has assigned the Government Inspectorate to lead and coordinate with the Ministry of Industry and Trade, the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam to urgently establish an inspection team on September 9th.
USD price cools down.
Not only gold prices, but the USD price also cooled down today.
Vietcombank listed the selling price of USD at 26,497 VND/USD and the buying price at 26,187 VND/USD, a decrease of 12 VND/USD and 103 VND/USD respectively compared to the end of last week.
Sacombank also listed the selling price of USD at 26,497 VND/USD and the buying price at 26,263 VND/USD, a decrease of 12 VND/USD in the buying price and 27 VND/USD in the selling price.
Eximbank also lowered the selling price of USD to 26,497 VND/USD and the buying price to 26,170 VND/USD.
The selling price of USD in the free market decreased from 27,070 VND/USD to 26,933 VND/USD.
The buying price of USD in the free market also decreased by 137 VND/USD, to 26,833 VND/USD.
Today, the State Bank of Vietnam listed the central exchange rate at 25,236 VND/USD, a decrease of 12 VND/USD compared to the end of last week. With a +/-5% margin, banks are allowed to list the buying and selling prices of USD within the range of 23,974 VND/USD - 26,498 VND/USD.
Source: https://tuoitre.vn/gia-vang-the-gioi-vuot-3-600-usd-ounce-gia-vang-mieng-sjc-giam-300-000-dong-20250908191201682.htm
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