Domestic gold prices stagnant
At the time of survey at 5:00 a.m. on January 6, 2024, domestic gold prices stagnated but remained at a high level, fluctuating around VND 75 million/tael, while world gold prices remained stable.
Gold prices on the trading floors of some companies are as follows: DOJI listed the price of 9999 gold at 72.00 million VND/tael for buying and 75.00 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 72.50 - 74.30 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 72.25 - 74.75 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 72.00 - 75.20 million VND/tael (buy - sell).
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,044.335 USD/ounce, a difference of 1,355 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank , the world gold price is about 59.342 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 12.658 million VND/tael higher than the international gold price.
Japanese Yen Weakens Prolonged
Japanese Yen and VCB Yen exchange rates have been weakening for a long time. Sacombank is the bank that buys the highest amount of Yen. Surveyed on the morning of January 6, 2024 at banks, specifically as follows:
At Vietcombank , the Vietcombank Japanese Yen exchange rate is 163.19 VND/JPY and the selling rate is 172.74 VND/JPY, down 1.74 VND on the buying side and down 1.85 VND on the selling side.
At Vietinbank, the Yen exchange rate decreased by 1.15 VND in both buying and selling directions, equivalent to 163.52 VND/JPY and 173.22 VND/JPY.
At BIDV Bank, the Japanese Yen exchange rate decreased by 2.18 VND in buying and 2.27 VND in selling, reaching 163.73 VND/JPY and 172.35 VND/JPY, respectively.
At Agribank, the Japanese Yen exchange rate for buying and selling is 165.10 VND/JPY and 170.28 VND/JPY - down 2.15 VND for buying and down 2.26 VND for selling.
At Eximbank, the buying price decreased by 1.8 VND and the selling price decreased by 1.84 VND, respectively at 165.36 VND/JPY and 170.11 VND/JPY.
At Techcombank, the Japanese Yen exchange rate decreased by 1.32 VND in buying and 1.38 VND in selling with prices of 161.24 VND/JPY and 172.22 VND/JPY, respectively.
At Sacombank, the Japanese Yen exchange rate decreased by 1.24 VND in the buying and selling directions, corresponding to the prices of 165.49 VND/JPY and 172.04 VND/JPY.
Surveyed in the black market, the Japanese Yen/VND exchange rate decreased by 0.92 VND in buying and decreased by 0.97 VND in selling, respectively traded at 169.38 VND/JPY in buying and 170.43 VND/JPY in selling.
Gasoline and oil continue to rise
In the world market, gasoline and oil prices today, January 6, continued to increase from the previous session.
According to data from Oilprice, at 8:36 p.m. on January 5 (Vietnam time), Brent oil was trading at $78.33 per barrel, up $0.74, or 0.95%, from the previous session. WTI oil was at $73.09 per barrel, up $0.9, or 1.25%, from the previous session.
Oil prices rose after minutes of the US Federal Reserve meeting showed inflation was under control.
Although the Fed's meeting minutes did not specify when the bank would start cutting interest rates, recent discussions have suggested that inflation is under control and interest rates will be cut soon.
Lower interest rates reduce the cost of consumer borrowing. This could boost economic growth and increase demand for oil.
Coffee anchored at 67,600 VND/kg
Domestic coffee prices continued to increase for the second consecutive session, updated at 5:00 a.m. on January 6, 2024 as follows: In the Central Highlands provinces, it is about 67,600 VND/kg, the highest purchase price in Dak Lak and Dak Nong provinces is 67,600 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is quite high at 67,700 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 67,600 VND/kg.
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 66,900 VND/kg.
Coffee prices in Dak Lak province today are the highest; in Cu M'gar district, coffee is purchased at 67,600 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 67,700 VND/kg./.
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