The price of the SJC golden ingot increased by 500,000 VNDs per Tael, Saigon Jewelry Company – SJC bought 120.7 million VNDs, sold at 122.7 million VND; The Doji group has also increased the purchase price to 120.7 million VNDs and the sale price to 122.7 million VND; Phu Quy Company bought at 119.7 million VNDs, sold at 122.7 million VND … Meanwhile, the price of gold rings remained stable, SJC Company bought 115.5 million VNDs, sold at 118.1 million VND; The company Phu Quy bought for 115.5 million VNDs, sold for 118.5 million VND … The price of gold rings is around 4 million VND/Tael lower than that of SJC gold bars.
The price of gold rings is approximately 4 million VND/Tael lower than that of SJC gold ingots.
After having increased sharply during the American stock market session from May 6 to 3,432 USD/OCE, the world price of gold was reversed and suddenly dropped to 3,365 USD/OCE on the morning of May 7. The precious metal evaporated by $ 67 an ounce overnight, erasing all the earnings from the day before. Trade tensions Between the United States and China have appealed after the announcement that the US Treasury Secretary Scott Bessent and the American representative Jamieson Greer will meet their Chinese counterparts in Switzerland this week to discuss economic disputes. Investors seem to hope for progress in the resolution of the trade war that has been going on for months between the two largest economies in the world.
The gold market is currently awaiting official information from the American monetary policy meeting. It is expected that the American Federal Reserve (Fed) will not increase interest rates this time.
Central banks around the world have accumulated gold at record levels while they diversify their balance sheets by moving away from traditional currencies, including the US dollar. The world central banks have bought more than 1,000 tonnes of gold for the third consecutive year in 2024 and should remain active buyers until 2025, according to the World Gold Council.
-The Chinese central bank has increased its gold reserves for the fourth consecutive month since February. Reuters reported that China’s gold reserves increased to 73.61 million ounces of pure gold at the end of February, against 73.45 million at the end of January. The reserves were estimated at 208.64 billion dollars at the end of February, against $ 206.53 billion in January.
According to the Thanh Nien newspaper
Source : https://thanhnien.vn/gia-vang-hom-nay-752025-trong-nuoc-tang-bat-chap-the-gioi-di-xuong-185250507084458767.htm
Source : https://baolongan.vn/gia-vang-hom-nay-07-5-trong-nuoc-tang-bat-chap-the-gioi-di-xuong-a194786.html
