Domestic gold price only 'increases' compared to the decrease in world gold price

World gold price decreased by 605,000 VND/tael, but SJC gold bar price only decreased by 200,000 VND/tael.

Domestic gold prices are increasingly higher than world gold prices - Photo: TL

Domestic gold price only decreased by 200,000 VND/tael

At the end of today, August 15, the world gold price was at 3,338 USD/ounce, down 19 USD/ounce, equivalent to 605,000 VND/tael compared to the end of yesterday.

Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 106.4 million VND/tael.

Meanwhile, the selling price of SJC gold bars this afternoon was at 124.5 million VND/tael, down 200,000 VND/tael compared to the peak set yesterday.

The buying price of SJC gold bars is at 122.5 million VND/tael. The difference between buying and selling prices remains at 2 million VND/tael.

The selling price of 9999 gold rings at SJC Company at the end of today also decreased accordingly, to 119.1 million VND/tael, buying at 116.6 million VND/tael.

Compared to the price of SJC gold bars, the price of 9999 gold rings is 5.4 million VND/tael lower for selling and 5.9 million VND/tael lower for buying.

Compared to the converted world gold price, the price of SJC gold bars is 18.1 million VND/tael higher.

Please follow the domestic gold price developments here.

Will world gold prices fluctuate after the US-Russia summit?

The gap between domestic and world gold prices is widening and is now approaching the previously set record.

Previously in April, the price of SJC gold bars reached a record of 124 million/tael when the world gold price peaked at 3,500 USD/ounce, but at this peak, the world gold price was only around 3,350 USD/ounce.

Investors are currently keeping a close eye on the summit between US President Donald Trump and Russian President Vladimir Putin in Alaska. Investors consider this event to be not only of political significance but also potentially having a major impact on the precious metals market, especially gold and silver.

However, there are also opinions that the Russia-Ukraine war has lasted for 3 years. The gold market, cryptocurrency and even the world stock market in recent years have not been affected by the Russia-Ukraine war, so there is no need to worry too much about the price of precious metals fluctuating strongly due to information from this meeting.

Central rate sets record

Today, the State Bank increased the central exchange rate by 9 VND, to 25,249 VND/USD - also the highest level ever.

Commercial banks kept the USD price at a high level. Vietcombank listed the USD buying price at 26,060-26,090 VND/USD (cash - transfer), selling price at 26,440 VND.

ACB listed the USD buying price at 26,070 - 26,100 VND/USD (cash - transfer), selling price at 26,450 VND/USD, while Vietinbank bought USD at 26,070 VND/USD, selling price at 26,430 VND/USD...

Compared to the highest allowed selling price, the USD price at banks is about 70 VND/USD lower.

Back to topic

PINK LIGHT

Source: https://tuoitre.vn/gia-vang-trong-nuoc-chi-nhuc-nhich-so-voi-muc-giam-cua-gia-vang-the-gioi-20250815202950003.htm