Vietnamese Gold Prices Rise Amid Global Market Optimism
The prices of SJC gold bars and plain gold rings in Vietnam have seen an increase. According to Phu Quy, as of 6:00 AM on August 22, the buying price for SJC gold bars is 144-147 million VND/tael, while the selling price is 145-148 million VND/tael. This represents an increase of 1 million VND/tael in both directions.
The buying-selling difference for SJC gold bars at Phu Quy has increased to 3 million VND/tael.
Other businesses, such as DOJI and Bao Tin Minh Chau, have also listed their prices with a similar increase. DOJI's prices are the same as Phu Quy's, while Bao Tin Minh Chau's prices are at the threshold of 144.1-148.1 million VND/tael.
The price of gold rings has also seen an increase, with Phu Quy listing a buying price of 144-147 million VND/tael and a selling price of 145-148 million VND/tael. This represents an increase of 1 million VND/tael in both directions.
The world gold price has also seen an increase, with recorded prices around the threshold of $4,623 per ounce, up 140.3 USD from the previous day. Analysts attribute this to various factors, including a weakening US dollar and expectations that the US Federal Reserve will maintain its current interest rate policy.