Domestic gold price hits new peak of 120 million VND/tael

Opening the morning trading session on April 18, Saigon Jewelry Company SJC listed the price of gold bars at 117-120 million VND/tael (buy - sell), an increase of 1.5 million VND/tael for buying and an increase of 2 million VND/tael for selling compared to the closing price yesterday.

Domestic gold price hits new peak. Illustration photo: VNA

Bao Tin Minh Chau Company listed the price of gold bars and gold rings at 116.5 - 119.5 million VND/tael (buy - sell), an increase of 1.5 million VND/tael in both buying and selling directions compared to the closing price yesterday.

Saigon Jewelry Company SJC listed the price of gold rings at 114 - 117 million VND/tael (buy - sell), keeping the listed price in both buying and selling directions unchanged compared to the closing price yesterday.

Phu Nhuan Jewelry Joint Stock Company listed the price of gold bars and gold rings at 114 - 117 million VND/tael (buy - sell), an increase of 3.5 million VND/tael for buying and 3.4 million VND/tael for selling compared to the closing price yesterday.

Gold prices fell slightly on April 17 after a sharp rise in the previous session as investors booked profits ahead of the long weekend. However, a weaker US dollar and escalating US-China trade tensions helped keep gold above the key $3,300/ounce level. David Morrison, senior market analyst at Trade Nation, described the price action of gold this week, including the $100 rally on Wednesday, as an explosive top.

Christopher Vecchio, head of futures and forex at Tastylive.com, said gold will continue to benefit from further weakness in the U.S. dollar. While the dollar is not expected to lose its reserve currency status anytime soon, Vecchio said President Donald Trump’s erratic trade policies have weakened the U.S. position in global markets.

Hai Yen

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Source: https://baodaknong.vn/gia-vang-trong-nuoc-lap-dinh-moi-120-trieu-dong-luong-249814.html