Why many people are tired of gold.

This morning (July 29th), both gold bar and gold ring prices remained unchanged after a week. Accordingly, gold rings returned to the 77 million VND/ounce mark, while SJC gold bars were at 79.5 million VND/ounce. This development is believed to be the reason why many people are losing interest in gold.

Saigon Jewelry Company lists prices. gold rings Smooth gold bars are priced at 75.5 - 77 million VND/ounce for buying and selling.

Phu Quy Group listed the price of plain gold rings at 75.75 - 77.05 million VND/ounce.

Bao Tin Minh Chau company listed the price of plain gold rings at 75.88 - 77.08 million VND/ounce.

Price SJC gold bars by businesses and bank State-owned enterprises listed gold at 77.5 - 79.5 million VND/ounce for buying and selling.

So, after one week, gold price Gold rings are remaining stable around 77 million VND/ounce, while SJC gold bars have been unchanged for the past two weeks after a sharp increase of 3 million VND/ounce.

The price of SJC gold bars, after a sharp increase of 3 million VND/ounce, has remained unchanged for the past two weeks (photo: Nhu Y).

At the same time, the price of gold... world Gold is listed at $2,399 per ounce, up $11 per ounce compared to yesterday morning. Converted at the current exchange rate, world gold is approximately 73.5 million VND per tael (approximately 37.5 grams), excluding taxes and fees.

Given the current fluctuations in gold prices, many people are no longer interested in gold. State Bank of Vietnam Reports indicate that there have been cases where people successfully ordered gold online but did not come to pick it up.

Currently, the State Bank of Vietnam, along with other ministries and agencies, is studying appropriate policies for managing the gold market in the future. Areas under state management will definitely continue to be managed, while those belonging to the market will be facilitated to ensure a smooth and open market.

In principle, it will be revised. Decree 24 To ensure effective management, prevent negative practices in the gold market, and stabilize the gold market, the State Bank of Vietnam is also conducting inspections and investigations into speculative activities and market manipulation in the gold market.

In the currency market, on July 29, the State Bank of Vietnam maintained the central exchange rate at 24,249 VND/USD.

At commercial banks, the USD exchange rate is around 25,091 - 25,461 VND/USD.

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