While the exchange rate remains high, each tael of SJC gold bar is increased by more than 100,000 VND by businesses when opening this morning.

Opening at 8:30 a.m., the price of SJC gold bars at DOJI Gold and Gemstone Group was 33.40-33.48 million VND per tael, an increase of 110,000 VND for buying and selling compared to the closing price at the end of yesterday.

SJC gold price is currently around 33.4 million VND per tael.

Similarly, at Phu Nhuan Jewelry Company, gold prices were also bought and sold around this level this morning.

Thus, this increase in SJC gold bars is contrary to the world. International gold prices continued to fall yesterday and hit a 7-week low due to selling pressure. Many investors are worried that the US Federal Reserve (Fed) will raise interest rates in June. Prices started to increase slightly when entering the Asian session this morning. At 8:45 (Hanoi time), each ounce of gold was traded at 1,231.5 USD.

This level, if converted to Vietnamese currency, is about 33.2 million VND per tael of gold. Yesterday, domestic gold also recorded its third consecutive decline, closing at 33.29-33.37 million VND. This is also the lowest level since the end of April. However, yesterday's decline of SJC gold was still not commensurate with domestic gold, only decreasing by 200,000 VND while converted international gold lost more than 400,000 VND. According to DOJI experts, with the international gold price continuously decreasing after the Fed's message, investors have not yet made a decision and may continue to wait for a more suitable opportunity.

In the foreign exchange market, the central exchange rate today was announced by the State Bank at 21,924, up 3 VND compared to May 25. However, the exchange rate at commercial banks is still high after having increased by 35-40 VND since the beginning of yesterday. Currently, Vietcombank, each dollar is bought and sold at 22,300-22,370 VND. Meanwhile, the buying and selling rates at VietinBank are 25 VND higher when listed at 22,325-22,395 VND. Meanwhile, at Eximbank, a dollar is bought and sold at 22,320-22,380 VND.

According to VNE