The difference between buying and selling gold bars is up to 700,000 VND.
Gold price this morning adjusted down to 55.3 million VND after a sharp increase yesterday, the buying and selling difference remained high at 700,000 VND per tael.
After increasing from 350,000 to half a million VND per tael just yesterday,gold priceThis morning (December 4) temporarily cooled down.
At 9:30 a.m., DOJI Gold and Gemstone Group kept the buying price unchanged and reduced the selling price of gold bars by VND150,000 compared to late yesterday afternoon, listing around VND54.65 - 55.35 million per tael. The buying and selling gap narrowed compared to late yesterday afternoon, but remained high at VND700,000 per tael.
SJC Gold and Gemstone Company reduced both buying and selling prices by VND200,000 to VND54.65 - 55.3 million per tael.
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At the same time, the world spot gold price is trading around 1,841 USD per ounce, if converted at the bank exchange rate (excluding taxes and fees), equivalent to 51.6 million VND per tael, about 3.7 million VND lower than the domestic price. Compared to the closing price of the US session, the spot gold price is slightly down 1 USD after a sharp increase yesterday.
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| Gold products are displayed for sale at a store in Hanoi. Photo: DOJI |
After selling off last week on positive vaccine news, the precious metal is being supported this week by expectations of a new US economic stimulus package and a weak dollar. The USD Index - a gauge of the greenback's strength - is around 90.7 points, down more than 3% in a month and at a two-year low.
The domestic USD price has also been on a downward trend in the past two weeks. This morning, the USD buying and selling price at Vietcombank decreased by 10 VND compared to yesterday, down to 23,010 - 23,220 VND. In other words, each USD in the bank has decreased by 50 VND compared to the stable price maintained over the past few months.
