Domestic gold increased again on the morning of January 26

After the previous day's drop in world gold prices, domestic gold prices rose again on the morning of January 26. Some businesses adjusted SJC gold prices up, while large gold trading companies such as PNJ and SJC kept their prices unchanged but were still anchored at high prices.

Domestic gold price increased on the morning of January 26.

At around 9am in Ho Chi Minh City, Mi Hong Gold Shop (Binh Thanh District) increased both buying and selling prices by 100,000 VND compared to the previous afternoon to 75 million VND/tael for buying and 75.9 million VND/tael for selling.

At the same time in Hanoi , Bao Tin Minh Chau Company also listed the price at 74.18 million VND/tael for buying and 76.45 million VND/tael for selling, an increase of 130,000 VND for buying and 100,000 VND for selling. Separately, the two gold trading enterprises PNJ and SJC still listed SJC gold at 74 million VND/tael for buying and 76.5 million VND/tael for selling, unchanged compared to late yesterday afternoon.

After falling yesterday, the price of 9999 gold also increased again this morning.

Specifically, SJC Company listed 9999 gold rings of 1 chi, 2 chi and 5 chi at 62.75 million VND/tael for buying and 63.95 million VND/tael for selling, an increase of 50,000 VND for both buying and selling compared to the end of yesterday afternoon. Doji Group listed at 63.35 million VND/tael for buying and 64.55 million VND/tael for selling, an increase of 100,000 VND for both buying and selling.

On the world gold market, the gold price on Kitco floor on the morning of January 26 (Vietnam time) was traded at 2,022.5 USD/ounce, up about 6 USD/ounce compared to yesterday morning. This price, after being converted according to the exchange rate at Vietcombank this morning, is equivalent to nearly 60.35 million VND/tael, 16.15 million VND/tael lower than SJC gold and about 3.95-4.2 million VND/tael lower than 9999 gold.

The world gold price has been slightly adjusted up and down in the past few days, but the main trend is still sideways and maintained above the threshold of 2,000 USD/ounce, when data shows that the US economy has a strong start to 2024. Experts say that the Fed's monetary policy, specifically the agency's interest rate reduction, will sooner or later affect the trend of gold prices in the coming time. However, messages from FED officials show that the timing of monetary policy easing is likely to be slower than the market expects. That is also the reason why gold prices have not been able to break out.

Nhung Nguyen

Source: https://www.sggp.org.vn/vang-trong-nuoc-sang-26-1-tang-tro-lai-post724428.html