Domestic gold price ‘evaporated’ 1.1 million dong/tael

Opening the trading session on May 26, the domestic price of gold bars was listed by Doji Jewelry Company at 67.9 – 68.8 million VND/tael (buy in – sell out). This price decreased by 1.1 million dong/tael on the buying side and down 1 million dong/tael on the selling side compared to the previous session.

Phu Quy gold and silver company listed the price of gold bars at 68.05 – 68.95 million VND/tael. This price decreased by 1,100,000 VND/tael in the buying direction and 950,000 VND/tael in the selling side compared to the previous session. The price of this company’s round ring is listed at 54.35 – 55.1 million VND/tael (buy in – sell out), down 100,000 VND/tael compared to the previous session.

On the international market, on the morning of May 26 (Vietnam time), the world gold price was at 1,852 USD/ounce, down 10 USD/ounce compared to the end of the previous trading session. According to the current market price, the world gold price is equivalent to 52.5 million VND/tael (excluding taxes and fees). This price is lower than domestic gold about 14.8 million VND/tael.

Domestic gold price evaporated 1.1 million dong/tael - Photo 1.

Domestic gold price “evaporated” 1.1 million VND/tael (Artwork)

Gold futures in June fell $12.9 to $1,851.6 per ounce. Spot gold last traded at $1,853.5 per ounce, down $11.9 per ounce from dawn the day before.

Gold prices fell due to the recovery pressure of the USD. After hitting a 4-week low due to strong selling pressure, the US Dollar Index (DXY) measures the greenback’s volatility in 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF). in the early morning trading session this morning recovered again. At dawn, the DXY index rose to 102.08, up 0.21% compared to the previous day’s dawn. Rising yields on 10-year US Treasuries also put off gold’s upside momentum.

On the domestic currency market, on May 26, the central exchange rate was listed by the State Bank at 23,105 VND/USD, up 2 VND/USD compared to the previous one.

Meanwhile, the exchange rate at commercial banks continued to go upstream, increasing slightly. The USD rate was listed by Joint Stock Commercial Bank for Foreign Trade (VCB) at 23,040 – 23,350 VND/USD (buying in – selling out), down 10 VND/USD compared to the previous session.

According to Quynh Nga

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