This morning, gold price increased sharply to over 119 million VND/tael.

At 8:30, the international gold price was trading at 3,227.6 USD/ounce, up nearly 24 USD/ounce.

According to two Kitco surveys on gold prices this week, the majority forecast prices to fall. Of the 16 experts surveyed, only 2 predicted prices to rise while 10 thought prices would fall and 4 saw prices remaining unchanged.

Gold prices increased sharply at the beginning of the week. Photo: HT

An online survey of 294 retailers found that 34% expected prices to increase, 42% expected prices to decrease, and the rest expected prices to remain flat.

In the domestic market, businesses listed SJC gold bars at VND116.8 million/tael (buy) - VND119.3 million/tael (sell), an increase of VND1.3 million/tael (buy) and VND800,000/tael (sell) compared to the end of last week.

For gold rings, Phu Nhuan Jewelry Joint Stock Company set the price at 112 million VND/tael (buy) - 115 million VND/tael (sell), 1 million VND/tael higher than last weekend.

Saigon Jewelry Company Limited increased by VND500,000 million/tael each way, to VND111.5 million/tael (buy) - VND114.5 million/tael (sell).

Phu Quy Group also increased by 500,000 VND/tael, to 112.3 million VND/tael (buy) - 115.3 million VND/tael (sell).

The buying and selling price range for SJC gold bars is set by the enterprise at 2.5 million VND/tael, and for gold rings at 3 million VND/tael.

Last week, domestic gold prices mainly moved upward. Overall, the price of the precious metal increased by VND3.5 million/tael during the week.

Source: https://hanoimoi.vn/sang-nay-gia-vang-tang-manh-len-tren-moc-119-trieu-dong-luong-702716.html