Gold price 'falls' to 37 million VND/tael

Compared to the previous session, gold price decreased by 150,000 VND/tael while world gold price decreased rapidly to 1,355 USD/oz.

Opening the trading session on the morning of July 12, the price of SJC gold decreased by VND150,000/tael compared to the closing price on the afternoon of July 11 at Saigon Jewelry Company. This company is listing the buying and selling price of gold at VND36.75 - 37.35 million/tael. The difference between the selling price and the buying price is VND600,000/tael.

Illustration photo

DOJI Group also reduced the gold buying and selling price by VND50,000/tael compared to the previous closing price, listing the price at VND36.80 - 37.10 million/tael (buy - sell), the difference between buying and selling prices is only VND300,000/tael.

World gold prices fell as US bonds hit a new peak after the US non-farm payrolls report for June was better than expected. The increase in the USD index also increased the odds of the Fed raising interest rates later this year.

Currently, the spot gold price has decreased to 1,355 USD/oz; the August gold price has decreased to 1,356 USD/oz. According to today's foreign exchange rate, the world gold price is equivalent to 36.45 million VND/tael, 900,000 VND/tael lower than the SJC gold price./.

According to VOV