World gold price increases, domestic gold price skyrockets - Photo: TT
SJC gold bar price increases rapidly
At 11:30 a.m. today, July 8, the world gold price increased sharply to 3,331 USD/ounce, an increase of about 30 USD/ounce (951,000 VND/tael) compared to the lowest level yesterday.
Converted at the listed exchange rate at the bank is equivalent to 105.64 million VND/tael.
Today, Saigon Jewelry Company (SJC) increased the selling price of SJC gold bars by half a million VND/tael, to 121 million VND/tael (sell) and 119 million VND/tael (buy).
The selling price of 9999 gold rings at SJC Company also increased accordingly, to 116.9 million VND/tael, buying at 114.4 million VND/tael.
Similarly, PNJ and Bao Tin Minh Chau companies also increased the selling price of gold bars to the same level as the selling price of SJC gold bars at SJC Company.
At Mi Hong gold shop, the selling price of SJC gold bars increased to 121 million VND/tael - equal to the selling price at SJC Company, while the buying price was pushed up to 120 million VND/tael, only half of the price difference at major gold companies.
Currently, the difference between buying and selling prices of SJC gold bars at large companies is commonly at 2 million VND/tael.
Compared to the converted world gold price, the price of SJC gold bars is 15.36 million VND/tael higher, while the price of 9999 gold rings is 11.26 million VND/tael higher.
World gold prices recovered after US President Donald Trump posted a letter to 14 countries, announcing tariffs that will be imposed on goods from these countries from August 1.
According to analysts, new developments in US President Donald Trump's trade war have stimulated investors' demand for risk prevention, thereby pushing world gold prices up again.
In addition, information that the Central Bank of China continues to net buy gold reserves also contributed to pushing gold prices up.
Last week, the world gold price increased by 1.7% due to the huge tax cut bill of US President Donald Trump passed by the US Congress , increasing concerns about the country's debt and budget deficit in the long term. The continued downward trend of the US dollar also supported the gold price.
However, the rally in the US stock market has reduced the attractiveness of gold. In addition, better-than-expected US job market data has also reduced expectations that the Federal Reserve will cut interest rates soon.
Due to the impact of conflicting factors, gold prices have fluctuated within the range of 3,260-3,450 USD/ounce over the past month.
Bank USD price drops sharply
USD prices in banks have fallen sharply after many consecutive days of increase - Photo: QUANG DINH
Today, the USD price at banks continued to cool down even though the State Bank increased the central exchange rate by 8 VND/USD, to 25,121 VND/USD.
With a margin of +/-5%, commercial banks are allowed to buy and sell USD in the range of 23,865 - 26,377 VND/USD.
Vietcombank listed the USD selling price at 26,305 VND/USD, down 25 VND/USD compared to yesterday. The buying price was 25,915 VND/USD.
BIDV also reduced the USD selling price to 26,302 VND/USD, down 28 VND/USD compared to yesterday, the buying price also decreased correspondingly to 25,942 VND/USD.
Eximbank listed the USD buying price at 25,900 VND/USD, down 60 VND/USD compared to yesterday, and the selling price also decreased 60 VND/USD, to 26,280 VND/USD.
In the free market, the USD buying and selling price remained at 26,441 - 26,541 VND/USD (buy - sell).
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Source: https://tuoitre.vn/gia-vang-mieng-sjc-vot-len-121-trieu-dong-luong-usd-ngan-hang-giam-manh-20250708122724003.htm
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