On the morning of May 14, the price of SJC gold bars far exceeded the world price.

On the morning of May 14, the price of SJC gold bars was listed by SJC, PNJ, and DOJI at 118 million VND/tael for buying and 120 million VND/tael for selling, down 500,000 VND/tael compared to the end of yesterday.

The price of 99.99 gold rings and jewelry gold is stable at 112.5 million VND/tael for buying and 115 million VND/tael for selling. However, the price of gold rings is still about 5 million VND/tael lower than that of SJC gold bars.

Compared to the historical peak, domestic gold price has decreased by about 4 million VND/tael.

On the international market, the spot gold price at 10:00 a.m. this morning was trading at 3,231 USD/ounce, down about 25 USD compared to the beginning of the day.

During the trading session last night and early this morning, the price of gold fluctuated strongly. At one point, the precious metal recovered to 3,260 USD/ounce but fell back down shortly after.

Domestic gold prices continue to outstrip world prices

Compared to the peak of 3,500 USD/ounce, the world gold price is currently about 8.5% lower.

Gold prices have not been able to break out again in the context of the USD remaining at a high level. The USD Index (DXY) is close to 101 points.

Currently, the world gold price converted according to the listed exchange rate is about 101.8 million VND/tael, about 13 million VND/tael lower than gold rings and about 18 million VND/tael lower than SJC gold bars.

Latest information related to gold market management, in Official Dispatch No. 64 dated May 13 on implementing measures to effectively manage the gold market, the Prime Minister requested the State Bank to closely monitor the developments of world and domestic gold prices, promptly implement solutions according to regulations when necessary to stabilize the gold market.

In particular, not to have negative impacts on exchange rates, interest rates, money markets, foreign exchange, and national financial and monetary security and safety.

Source: https://nld.com.vn/sang-14-5-gia-vang-mieng-sjc-bo-xa-gia-the-gioi-196250514101321522.htm