Gold price increases dramatically, reaching a historical record high; Domestic coffee prices continue to increase
(Baonghean.vn) - Gold price increased dramatically, reaching a historical record high; USD exchange rate increased slightly; World oil prices maintained their upward momentum; Domestic coffee prices continued to increase... are the market information updated on the morning of May 11.
Gold price increased dramatically, reaching a historical record high
Gold priceToday, May 11, the price increased by more than 3 million VND per tael, bringing the price to a historical record high of 92.4 million VND/tael. World gold prices continue to rise.
Survey at 5:00 a.m. on May 11, gold prices on the trading floors of some companies are as follows:
DOJI listed the price of 9999 gold at 90.10 million VND/tael for buying and 91.40 million VND/tael for selling.
At Mi Hong Jewelry Company, the gold price at the time of survey was listed at VND 89.80 - 91.80 million/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 90.00 - 91.75 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 90.00 - 92.00 million VND/tael (buy - sell).
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,360.22 USD/ounce. Today's gold price is 14.52 USD/ounce higher than yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 71.327 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 18.773 million VND/tael higher than the international gold price.
USD exchange rate increased slightly
USD exchange rateToday, May 11, the USD continued to increase by 6 VND in both buying and selling directions. The world USD reversed and increased slightly after consumer sentiment data.
The central VND/USD exchange rate today (May 11) was announced by the State Bank at 24,271 VND/USD, an increase of 6 VND compared to the trading session on May 10.
Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,450 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,450 VND/USD.
The Dollar Index, which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 105.29 points - up 0.06% compared to trading on May 10.
The dollar edged higher on Tuesday after readings on US consumer sentiment as investors sorted through a series of comments from Federal Reserve officials, with focus starting to shift to key inflation readings next week.
World oil prices maintain upward momentum
Data from Oilprice shows that at 8:33 p.m. on May 10 (Vietnam time), Brent oil price was listed at 84.24 USD/barrel, up 0.43% compared to the previous session. WTI oil price was at 79.7 USD/barrel, up 0.56% compared to the previous session.
Oil prices rose on signs that demand from the United States and China (the world's two largest crude consumers) may increase and the conflict in the Gaza Strip continued to be unstable.
Talks aimed at preventing conflict between Israel and Hamas have failed to produce any results, analysts say, raising concerns about the potential disruption of oil supplies in the Middle East.
Domestic coffee prices continue to increase
Coffee priceDomestic price updated at 5:24 a.m. on May 11 increased by 1,000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 98,800 VND/kg, the highest purchase price in Dak Nong province is 99,000 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is at 98,500 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 99,000 VND/kg.
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 98,000 VND/kg.
In Dak Lak province, coffee is purchased at prices ranging from VND98,900 to VND99,000/kg.