Surveying at major gold and silver trading brands this morning (November 16), the price of gold bars simultaneously increased strongly by 150-300 thousand VND for per tael, the selling price in many places has exceeded 61 million VND per tael
Specifically, at Saigon Jewelry, the price of SJC gold bars is listed at 60.35 to 61.08 million VND per tael, being an increase of approximately 300 thousand VND per tael compared to the end of the previous session
Meanwhile, Phu Nhuan Jewelry (PNJ) increased by 150,000 VND for per tael, from 60.25 to 60.95 million VND per tael. DOJI increased 300 thousand VND for per tael, from 60.3 to 60.9 million VND per tael.
In the international market, the spot gold price is currently at 1,867 USD per ounce, converted at the VND/USD exchange rate, which equivalent to 51.2 million VND per tael. Thus, the domestic gold price is more expensive than the world gold price by nearly 10 million VND /salary that have ever seen before
While the domestic gold price is constantly increasing, the world gold price still makes it in the same place, it is ending the long rising chain in the context of the rising-up valuable USD. Investors expect that the UK Federal Reserve Board (FED) will adjust monetary policy after the highest inflation reaches in 31-years. In addition, the world gold was also locked in profit after gaining seven continuous sessions before.