Why many people are bored with gold

This morning (July 29), both gold bar and gold ring prices remained unchanged after a week. Accordingly, gold rings returned to 77 million VND/tael while SJC gold bars were at 79.5 million VND/tael. This development is said to be the reason why many people are bored with gold.

Saigon Jewelry Company listed price gold ring smooth round 75.5 - 77 million VND/tael buy - sell.

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

Bao Tin Minh Chau Company listed the price of plain round rings at 75.88 - 77.08 million VND/tael.

Price SJC gold bars by business and bank State-owned listed 77.5 - 79.5 million VND/tael for buying and selling.

So, after 1 week, gold price SJC gold bars have been unchanged for the past two weeks after a sharp increase of 3 million VND/tael.

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

At the same time, the price of gold world listed at 2,399 USD/ounce, up 11 USD/ounce compared to yesterday morning. Converted according to the exchange rate, world gold is about 73.5 million VND/tael, excluding taxes and fees.

In the current gold price trend, many people are no longer interested in gold. State Bank said, there are cases of successful online gold orders but no pick up.

Currently, the State Bank is working with other ministries and sectors to research appropriate policies in the coming time to manage the gold market. Those that are under the State's management role will definitely continue to be managed, and those that are under the market will be created conditions for the market to be open.

In principle will be revised Decree 24 to ensure effective management, prevent negativity in the gold market, and stabilize the gold market. At the same time, the State Bank is also inspecting and checking speculative activities and manipulation of the gold market.

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

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

Source: https://baoquangninh.vn/ly-do-nhieu-nguoi-chan-vang-3311151.html