The price of gold bars increased by more than one million dong

This morning, Saigon Jewelry Company (SJC) listed gold bar prices at 145.5 – 148.5 million VND, an increase of 1.5 million VND per tael compared to yesterday. This is the third consecutive upward session of this precious metal.

Plain gold rings were also raised by SJC by 1.5 million VND compared to yesterday, to 145.4 – 148.4 million VND per tael. Bao Tin Minh Chau buys and sells this item at a lower price than SJC, around 144.3 – 148 million VND. Meanwhile, PNJ and DOJI trade plain rings at a higher price than the above brands, at 145.5 – 148.5 million VND.

Domestic gold increased following positive developments in international prices. Closing the session on June 26, the world spot price of gold increased by 62 USD to 4,088 USD per ounce. The fund is exchanged at Vietcombank exchange rate, this precious metal in the world is equivalent to 130 million VND per tael. Thus, domestic gold differs by more than 18 million VND compared to the world price.

The market went up due to the weakening of the USD and reduced expectations that the US Federal Reserve (Fed) would raise interest rates. Dollar Index – an index that tracks the strength of the greenback with a basket of 6 major currencies – was at 101.3 points, down slightly from the previous session.

Meanwhile, TD Securities said gold often moves in the opposite direction with oil prices and the USD. However, the company warned that if the energy market turns up, precious metals could continue to experience downward pressure in the coming months.

Prices of silver bars and silver bars also increased by more than 1% compared to yesterday. but is at its lowest level since mid-December last year. Phu Quy, DOJI and Ancarat all listed this metal at 2.24 – 2.31 million VND per tael, equivalent to 59.8 – 61.7 million per kg.