After the State Bank's proposal to abolish the monopoly on gold bars, each amount of SJC today decreased by 1 million VND, to less than 80 million.
At 13:30 p.m., Saigon Jewelry Company (SJC) listed the gold bar trading price at 77,8 - 79,8 million VND, down 1 million compared to the end of yesterday. At DOJI Jewelry Group, each tael also dropped to 77,7 - 79,7 million VND. In the past two days, this type of gold decreased by 1,6 million VND in both directions.
Thus, compared to the peak of 82,5 million VND on March 12, each amount of SJC gold is currently about 3-2,7 million lower.
24K gold rings today are traded around 67,9 - 69,2 million VND, down 500.000 VND compared to yesterday, according to developments in world gold prices.
Domestic gold bar prices decreased more sharply than in the world, causing the gap between the two markets to narrow significantly.
In the past 24 hours, each ounce of world gold decreased to 30 USD, equivalent to 900.000 VND per tael. At 13:2.172 Hanoi time, each ounce of gold delivered around 65,4 USD, converted at Vietcombank exchange rate, equivalent to XNUMX million VND per tael.
Accordingly, the price of precious metals in the country and the world is currently around 14,6 million VND, down 2,4-3,4 million VND compared to the "peak" on March 12. Gold rings still maintain a difference of 3-3,8 million VND per tael compared to the world.
SJC gold bars plummeted after information that the State Bank proposed to abolish the monopoly mechanism.
Analysts believe that this proposal, if approved by competent authorities, will help increase the supply of gold bars in the market, solving the long-standing problem of high difference between domestic and world prices.
On the foreign exchange market, the exchange rate at banks this morning increased by several dozen dong, reaching the highest level ever. USD trading price at Vietcombank increased by 30 VND in both directions, to 24.590 - 24.910 VND, up 2% compared to the beginning of the year. Meanwhile, the exchange rate on the black market today cooled down, 50 VND lower than yesterday, down to 25.457 - 25.537 VND.
Quynh Trang
