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Why shouldn't you buy gold right now?

Việt NamViệt Nam25/10/2024

This morning (October 25th), the price of gold rings remained at its peak of 89 million VND/ounce, the same price as SJC gold bars. Many experts believe that investing in gold at this time is not advisable due to the high price and strong fluctuations.

Phu Quy Gold and Silver Company is listed. gold ring price 87.9 - 89 million VND/ounce (buying price - selling price).

Bao Tin Minh Chau Company listed the price of round gold rings at 87.48 - 88.98 million VND/ounce. Doji Group listed the price of gold rings at 88 - 89 million VND/ounce for buying and selling.

Saigon Jewelry Company listed the lowest price for gold rings on the market at 86.9 - 88.2 million VND/ounce (buying price - selling price).

Gold prices remain at a peak of 89 million VND per tael.

Plain gold rings have maintained a continuous upward trend over the past 10 days. Compared to the middle of the month, each ounce of plain gold rings has increased by more than 5 million VND.

The price of SJC gold bars is determined by the group. bank State-owned banks (Vietcombank, Vietinbank, BIDV, Agribank ) listed the price at 89 million VND/ounce. Businesses listed the price of SJC gold bars at 87-89 million VND/ounce for buying and selling.

At the same time, gold price The world gold price is listed at $2,734 per ounce, an increase of $13 per ounce compared to yesterday morning. The world gold price is equivalent to nearly 83 million VND per tael.

According to forecasts from leading global banks, the price of gold could reach $3,000 per ounce next year, and the price of gold could rise to $3,000 per ounce. domestic It continues to increase. However, many experts believe that investing in gold at this time is not advisable due to high prices and significant volatility.

In the currency market, State Bank of Vietnam listing exchange rate The central exchange rate is 24,260 VND/USD, an increase of 10 VND/USD compared to before.

This is the 9th consecutive session. central exchange rate The exchange rate has been adjusted upwards. Specifically, since the beginning of the week, the central exchange rate has increased by 57 dong. At commercial banks, the USD exchange rate is at 25,233 - 25,473 dong, an increase of 10 dong/USD. Both buying and selling directions.

Since the beginning of October, the USD exchange rate at banks has increased by approximately 730 VND, equivalent to nearly 3%; bringing the total depreciation of the VND against the USD since the beginning of the year to 4.3%. The US dollar exchange rate listed at banks has approached its historical peak of nearly 25,500 VND, reached in April.


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