World gold prices "lost steam" after the USD's decline caused domestic gold prices to continue to fall sharply on the afternoon of March 21.
Specifically, at 4:45 p.m., DOJI Gold and Gemstone Group and Saigon Jewelry Company listed the price of gold bars at VND94.7 - 97.7 million/tael (buy - sell), down VND2.5 million/tael for buying and down VND1.5 million/tael for selling compared to this afternoon (at 11:15 a.m.). With this price, it is down VND3.1 million/tael for buying and down VND2.1 million/tael for selling compared to yesterday's closing price.
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Domestic gold price decreased by more than 3 million VND/tael in buying direction. Illustration photo: VNA |
Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 96.2 - 98.8 million VND; 96 - 98.6 million VND/tael (buy - sell), down 2 million VND/tael for buying and down 1.5 million VND/tael for selling compared to this afternoon. This price is down 2.75 million VND/tael for buying and down 1.9 million VND/tael for selling compared to yesterday's closing price.
Phu Nhuan Jewelry Joint Stock Company (PNJ) listed the price of gold bars and gold rings at 96 - 98.5 million VND/tael, down 1.7 million VND/tael for buying and down 700 thousand VND/tael for selling compared to this afternoon. This price decreased 2.1 million VND/tael for buying and down 1.4 million VND/tael for selling compared to yesterday's closing price.
Thus, the price of gold during the day decreased by more than 3 million VND per tael to below 98 million VND per tael, while the buying and selling gap widened to 3 million VND per tael. Compared to the peak set yesterday morning, each tael of gold bar is now 2.7 - 3.9 million VND lower.
Gold prices in Asia fell slightly in the afternoon trading session on March 21 due to the strengthening of the USD against major currencies. Spot gold prices fell 0.5% to $3,028.77/ounce at 2:00 p.m. (Vietnam time). US gold futures also fell 0.3% to $3,035.70/ounce. Previously, gold prices rose to a record $3,057.21/ounce on March 20 and have increased about 1.5% since the beginning of the week.
Gold prices eased slightly as the dollar strengthened against major currencies, but the precious metal is still on track for a third straight weekly gain on expectations that the Federal Reserve will cut interest rates this year and demand for safe-haven assets amid geopolitical and economic uncertainties, said Kelvin Wong, senior market analyst for Asia-Pacific at financial services firm OANDA.
TA TUAN
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Source: https://baodaknong.vn/gia-vang-trong-nuoc-giam-hon-3-trieu-dong-luong-o-chieu-mua-vao-246795.html
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