On the morning of July 23, the price of SJC gold bars and gold rings also increased sharply.

This morning, July 23, the price of SJC gold bars increased by 700,000 VND/tael, approaching the 123 million VND/tael mark; the price of gold rings in some places reached over 120 million VND/tael.

Opening, businesses listed the price of SJC gold bars at 120.7 million VND/tael (buy) - 122.7 million VND/tael (sell), an increase of 700,000 VND/tael each way compared to the end of the previous day.

The price of gold rings also increased. Saigon Jewelry Company Limited listed gold rings of type 1-5 at only 115.5 million VND/tael (buy) - 118 million VND/tael (sell), 500,000 VND/tael higher than the end of the previous day each way.

Gold price hits highest level since May 11. Photo: HT

Phu Quy Group set the price at 116.2 million VND/tael (buy) - 119.2 million VND/tael (sell) instead of 115.7 million VND/tael (buy) - 118.7 million VND/tael (sell). The current price is the highest since May 11.

Notably, Bao Tin Minh Chau Company Limited increased from 116.3 million VND/tael (buy) - 119.3 million VND/tael (sell) to 117.2 million VND/tael (buy) - 120.2 million VND/tael (sell).

Domestic gold prices increased due to the influence of the international market. Early this morning, the world gold price was trading at 3,432 USD/ounce, a sharp increase compared to 3,400 USD/ounce at the same time the previous day.

The world gold price increased sharply in the context of this commodity attracting investors when the USD price decreased and US bond interest rates decreased. At more than 9:00 a.m., the price of the precious metal was trading at 3,423.5 USD/ounce.

Domestic gold prices increased more slowly than world prices, so the price difference between the two markets is more than 14 million VND/tael instead of nearly 15 million VND/tael yesterday.

Source: https://hanoimoi.vn/sang-23-7-gia-vang-mieng-sjc-va-vang-nhan-cung-tang-manh-710091.html