Gold bars hit their highest level in the last 2 months

Gold price today June 13, 01

Last week, domestic gold prices experienced four consecutive sharp rises, bringing the price of gold bars and rings closer to the VND4 million/tael mark. At the end of the week, the price of SJC gold bars increased sharply by 87 million VND/tael compared to last week’s closing session.

This is the third consecutive week of rise in the price of gold bars, up by almost 3 million VND/tael. Gold bullion prices are at their highest level in over 3 months.

Along with gold bars, the price of gold rings and gold jewelry of all kinds has also skyrocketed. At the end of the week, the price of gold rings purchased by listed companies was about 84.8 million VND/tael, sold at 86.6 million VND/tael, an increase of about 1. 3 million VND/tael compared to last weekend. The price of gold rings has reached its highest level in several weeks, approaching the price of SJC gold bars.

The price of round gold rings all adjusted companies increased from 1.2 million to 1.3 million VND/tael.

Specifically, Saigon Jewelry Company quoted the price of SJC gold bars at 84.8 to 86.8 million VND/tael buying-selling, an increase of 100,000 600,000 VND/tael buying and a strong increase of 2 VND/tael of purchase compared to the purchase price sold. yesterday morning. The difference between buying and selling widened to 30 million VND/tael.

Other gold trading companies such as Bao Tin Minh Chau Co., Ltd., Group DOJI, Phu Quy Gold Investment Joint Stock Company also sharply increased the price of gold bars to 86.8 million VND /tael.

The price of gold rings has also risen sharply, as have gold bars. Specifically, the price of Thang Long round gold dragon ring in Bao Tin Minh Chau is listed at 85.5 to 86.9 million VND/tael for buying and selling, rising sharply from 400,000 to 500,000 VND/tael on the afternoon of purchase and rising sharply by 1,4K. VND/tael sale in the afternoon compared to yesterday morning. The difference between buying and selling is 300 million VND.

The price of the round gold ring of Phu Quy company rose to 85.2-86.6 million VND/tael, with an increase of 300,000 VND/400,000/tael for purchase and a sharp increase of 1 .3 VND/tael for sale. The difference between buying and selling is 300 million VND.

The latest gold price list today, April 13, 01, is as follows:

World gold price today, July 13, 01 and chart of global gold price fluctuations over the last 2025 hours

According to Kitco, the world gold price recorded at 4:30 a.m. today, Vietnam time, for spot delivery at USD 2,688.96/ounce. The price of gold today is stable compared to yesterday. Converted at the open market US dollar exchange rate (83.4 VND/USD), global gold costs approximately 2.8 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is 30 million VND/tael higher than the international gold price.

The global gold price this week demonstrated its strength by continuously rising to almost 2.700 USD/ounce and reaching its highest level in 4 weeks despite the greenback and bond yields rising to multi-year highs .

Strong labor market data on Friday pushed the U.S. 10-year bond yield to 4.76%, a 16-month high. At the same time, the USD index was above 109 points, the highest level in almost 3 years. Despite these two slowing factors, gold prices continued to rise, ending the week with an increase of almost 2%, towards the mark of 2,2700 USD/ounce.

It is predicted that SJC gold bar prices next week (January 13-19, 1) will likely continue to rise, although there will be many fluctuations.

The price of SJC gold is currently quoted at around 84.80 million VND/tael purchased and 86.80 million VND/tael sold. Over the past week, gold prices recorded an increase of around 1.3 million VND/tael.

Domestic gold prices often fluctuate based on global gold prices. If international gold prices continue to maintain an upward trend, SJC gold prices will likely increase as well. However, the strengthening US dollar and high interest rates remain factors that could put pressure on gold prices. Although there are still factors putting pressure on gold prices, forecasts show that SJC gold bar prices are expected to continue to rise next week on investor optimism and recovery in global gold prices.

Ole Hansen, head of commodities strategy at Saxo Bank, said silver could overtake gold in 2025.

“This year’s silver price increase does not present any major fundamental differences from previous increases. Silver still mirrors gold’s movements, but with greater intensity. Often referred to as “energy” gold, silver tends to move up and down more aggressively than its stablecoin counterpart. your Hansen.

Hansen said silver will only hit a 12-year high in 2024, while gold continually hits all-time highs. “With its dual role – both balancing investment needs and meeting industrial needs, silver could outperform gold next year.”declared this expert.