Gold prices plummet; gasoline and oil prices continue to fall.

Gold prices plummeted, falling by as much as 350,000 VND per tael.

Today (October 26th), the price of 9999, SJC, 24K, PNJ, and DOJI gold decreased by up to 350,000 VND/ounce. World gold prices rebounded.

As of 5:30 AM on October 26th, the gold prices on the exchanges of several companies were as follows:

DOJI lists the price of 9999 gold at 69.50 million VND/ounce for buying and 70.30 million VND/ounce for selling.

Meanwhile, at Mi Hong Gold and Gemstone Company, the listed price of SJC gold at the time of the survey was 69.60 - 70.10 million VND/ounce (buying price - selling price).

At Bao Tin Minh Chau Co., Ltd., the price of SJC gold is also being traded at 69.65 - 70.30 million VND/ounce (buying price - selling price). Meanwhile, at Bao Tin Manh Hai, it is being traded at 69.65 - 70.50 million VND/ounce (buying price - selling price).

USD price inDomestic prices fell slightly, while global prices surged.

Today (October 26), the USD/VND exchange rate and the USD VCB rate decreased by 10 dong in both buying and selling directions. The global USD exchange rate rose sharply above 106 points.

The central exchange rate for VND/USD today was announced by the State Bank of Vietnam at 24,087 VND/USD, a decrease of 10 dong compared to the same time yesterday.

Currently, the permitted exchange rate for commercial banks ranges from 23,400 to 25,241 VND/USD. The US dollar exchange rate has also been brought within the buying and selling range of 23,400 to 25,241 VND/USD by the State Bank of Vietnam's Exchange Department.

This morning, the USD exchange rate and domestic foreign exchange rates saw a series of downward adjustments at various banks. Specifically, Vietcombank's buying rate was 24,350 VND and the selling rate was 24,720 VND, a decrease of 10 VND compared to yesterday's closing rate. The current buying and selling prices of USD range from 23,400 to 25,300 VND/USD.

Gasoline and diesel pricesThe downward trend continues.

On the world market, gasoline and oil prices today (October 26) are likely to continue falling, following the downward trend from the previous session.

On October 25th, global oil and gas prices saw a slight decrease. According to data from Oilprice, at 9:20 AM on October 25th (Vietnam time), Brent crude was trading at $88.05 per barrel, down $0.02, or 0.02%, from the previous session. WTI crude was at $83.62 per barrel, down $0.12, or 0.14%, from the previous session.

As of 9:10 PM on October 25th (Vietnam time), Brent crude oil was priced at $87.98 per barrel, down $0.09, or 0.1%, from the previous session. WTI crude oil was priced at $83.54 per barrel, down $0.20, or 0.24%, from the previous session.

According to analysts, oil prices fell following a series of disappointing economic data from Germany, the Eurozone, and the UK, impacting the outlook for energy demand.

Business activity figures in the Eurozone unexpectedly declined this month, suggesting the eurozone may be heading into recession. The latest economic data from Germany also indicates that Europe's leading economy has entered a downturn. Meanwhile, monthly business results in the UK continue to fall, highlighting the risk of recession in the country.

In addition, the strengthening US dollar makes oil more expensive for traders using other currencies. This is also a reason for the decline in oil prices.

However, oil prices also received support from a decrease in US gasoline and oil inventories. The American Petroleum Institute (API) weekly oil inventory report showed a sharp decline in US crude oil and fuel inventories last week.

In the domestic market, retail prices of gasoline and diesel today are based on the prices set in the afternoon price adjustment session on October 23rd by the inter-ministerial committee of the Ministry of Finance and the Ministry of Industry and Trade. Gasoline and diesel prices have been slightly increased. Specifically, the price of E5 gasoline increased to 22,360 VND/liter. The retail price of RON 95 gasoline rose to 23,510 VND/liter. Diesel fuel increased to 22,480 VND/liter, while kerosene increased to 22,750 VND/liter.