Soaring 1.2 million VND, gold bars anchor at high level of 122.7 million VND/tael

(GLO)- This morning's trading session (July 23) recorded a sharp increase in the domestic gold market. Currently, the average buying and selling price is at 120.7-122.7 million VND/tael.

In the first 3 days of the week, the domestic gold market had remarkable fluctuations. After a slight increase yesterday, the domestic gold market continued to increase strongly in today's trading session. In which, the buying price increased by 700,000 VND, the selling price increased by 1.2 million VND/tael.

The price of gold bars and gold rings today both skyrocketed. Photo: PV

Specifically, businesses such as Bao Tin Minh Chau, SJC, DOJI , PNJ are listing at 120.7-122.7 million VND/tael, the difference between buying and selling is 2 million VND. Mi Hong alone listed the buying price at 121.7 million VND/tael. Phu Quy is buying at 120.2 million VND/tael.

At some businesses, the price of gold rings also increased by nearly 1 million VND. Bao Tin Minh Chau is listing it at 117.2-120.2 million VND/tael; Mi Hong is trading at 116.5-118 million VND/tael; Phu Quy is buying and selling at 116.6-119.2 million VND/tael; PNJ is also listing it at 116.6-119.2 million VND/tael.

Graphics: PV

At 1:10 a.m. on July 23 (Vietnam time), spot gold prices increased by 1% to $3,428.84/ounce - the highest level since June 16. Gold futures prices in the US also increased by 1.1% to $3,443.70/ounce.

Trade uncertainty is driving safe-haven demand for gold as the U.S. negotiates multiple trade deals, said senior analyst Jim Wyckoff at Kitco Metals.

Source: https://baogialai.com.vn/tang-vot-12-trieu-dong-vang-mieng-neo-muc-cao-1227-trieu-dongluong-post561356.html