Gold surpasses 70 million VND/tael again

Saigon Jewelry Company (SJC) announced gold price Pieces opened at the price of 69.65 – 70.25 million VND/tael bought in and sold out, increased by 400 thousand dong per buy volume and 280 thousand dong per tael sold compared to yesterday’s gold price.

Doji Jewelry Company listed the price of SJC gold bars at 69.5-70.1 million dong/a volume bought and sold, an increase of 300 thousand dong compared to yesterday.

Phu Quy Gold and Silver Company listed the price of gold bars at 69.45 – 70.1 million VND/tael, respectively for the buying and selling directions, increasing by 250,000 VND and 200,000 VND each compared to the opening session, respectively. via. The price of this company’s round ring is listed at 5.47 – 5.54 million VND/piece (buying in – selling out), an increase of 50 thousand VND each compared to yesterday.

On the international market, the price of gold sold at the same hour at $1,859 per ounce, up 15 dollars per ounce compared to yesterday. World gold experts still maintain that the gold price in USD will be difficult to increase when the USD interest rate continues to increase and the US dollar is strong, so the price of gold in early May is flat compared to April; while comparing the price of gold with other currencies such as Japanese Yen or Euro, gold price still maintained a high increase of 20% and 15% compared to April, respectively.

Yesterday (May 11,), the US announced that its April consumer price index increased by 0.3% (in March, it increased by 1.2%). In which, some main commodity groups such as food and energy increased by 0.6% (double in March), this increase was higher than forecast. With the movement of consumer prices and high inflation, it will affect the interest rate and monetary policy of the US, if the US continues to increase interest rates, it may restrain gold prices in the coming time.

On the domestic currency market, on May 12, the central exchange rate was listed by the State Bank at 23,151 VND/USD, up 10 VND compared to yesterday.

The USD rate was listed by Joint Stock Commercial Bank for Foreign Trade (VCB) at 22,910 – 23,190 VND/USD (buying in – selling out), increasing by 130-100 VND per USD respectively compared to yesterday.