Domestic gold price approaches 69 million VND/tael
At the time of survey at 5:30 a.m. on September 11, 2023, the gold price on the trading floors of some companies was as follows:
DOJI listed the price of 9999 gold at 68.05 million VND/tael for buying and 68.95 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 68.35 - 68.75 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 68.12 - 68.88 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 68.12 - 68.50 million VND/tael (buy - sell).
Japanese Yen exchange rate continues to fall
Japanese Yen exchange rate surveyed on the morning of September 11, 2023 at banks, specifically as follows:
At Vietcombank , the buying rate is 159.49 VND/JPY and the selling rate is 168.86 VND/JPY.
At Vietinbank, the buying and selling rates are equivalent to 159.44 VND/JPY and 169.14 VND/JPY. At Agribank , the buying and selling rates are 161.31 VND/JPY and 165.34 VND/JPY, respectively.
At BIDV bank, the buying and selling rates are 159.95 VND/JPY and 168.45 VND/JPY.
At Eximbank, the buying and selling rates increased to 160.80 VND/JPY and 165.78 VND/JPY, respectively.
At Techcombank, the buying and selling prices are 156.82 VND/JPY and 169.09 VND/JPY, respectively. At Sacombank, the buying price is 160.93 VND/JPY and the selling price is 167.49 VND/JPY.
Thus, Agribank is the bank with the highest buying rate of Japanese Yen and also the bank with the lowest selling rate among the surveyed banks.
Will the USD price continue to increase next week?
The central USD/VND exchange rate today (September 11) was announced by the State Bank at 23,993 VND/USD, an increase of 14 VND compared to the listed rate on September 8.
Currently, the USD exchange rate that commercial banks are allowed to trade is from 23,400 - 25,142 VND/USD. The selling exchange rate is also adjusted by the State Bank of Vietnam to the buying and selling range of 23,400 - 25,142 VND/USD.
The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of stable adjustments at banks. Specifically, Vietcombank increased 40 VND for the buying price of 23,920 and the selling price of 24,260. The buying and selling prices of USD are currently in the range of 23,400 - 25,300 VND/USD.
Domestic coffee prices tend to decrease
Domestic coffee prices were updated at 4:30 a.m. on September 11, 2023 as follows: Domestic coffee prices are flat and tend to decrease. Overall, in week 36, domestic coffee prices decreased sharply, with a decrease of 1,200 - 1,300 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is 64,900 VND/kg. In Dak Nong province, coffee is purchased at 65,400 VND/kg.
Green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, are purchased at 64,500 VND/kg.
In Cu M'gar district, Dak Lak province, coffee price is at 65,100 VND/kg. In Ea H'leo district, Buon Ho town, it is purchased at the same price of 65,200 VND/kg.
According to experts, concerns about rising risks have pushed the USD Index to a nearly 6-month high, causing purchasing power for goods to decline, leading to a decline in coffee futures prices on both exchanges.
The International Coffee Organization (ICO) August Trade Report shows that global coffee exports in July decreased by 1.59% compared to the same period last year, reaching only 10.21 million bags. It is predicted that the coffee market will recover in the coming time if the USD Index decreases again; the difference between USD/Brazilian Real is significant.
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