Domestic gold slightly decreased; Rubber price continued to increase strongly
(Baonghean.vn) - Domestic gold prices slightly decreased; Rubber prices continued to increase strongly; Domestic coffee prices today decreased sharply; World oil prices slightly recovered, are the market information updated on the morning of May 25.
Domestic gold slightly decreased
SJC gold slightly decreased by more than 300,000 VND/tael, the world increased slightly but recorded the first week of decrease due to expectations of interest rate cuts.
At the time of survey at 5:00 a.m. on May 25,gold priceon the trading floor of some companies as follows:
Today's 9999 gold price is listed by DOJI at 87.50 million VND/tael for buying and 89.30 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 88.50 - 89.50 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 87.65 - 89.30 million VND/tael (buy - sell).
Rubber prices continue to rise strongly
Updaterubber priceThe world at 5:00 a.m. on May 25 (Vietnam time) recorded the price in the 6th consecutive day of increase.
At domestic rubber companies, the purchase price of raw rubber latex is currently maintained at around 283 - 312 VND/TSC. Of which, Phu Rieng Rubber Company maintains the purchase price at 285 - 305 VND/TSC, stable compared to the end of last month. Binh Long Rubber Company maintains the purchase price at 285 - 295 VND/TSC. Ba Ria Rubber Company maintains the purchase price at 283 - 293 VND/TSC. Phuoc Hoa Rubber Company maintains the purchase price at 310 - 312 VND/TSC.
According to statistics from the General Department of Vietnam Customs, in the first 5 months of 2024, rubber export turnover is estimated at 842 million USD, up 3.9% over the same period in 2023, rubber export output is estimated at 560,000 tons, down 4.6% over the same period in 2023. Rubber product export turnover alone is estimated at 480 million USD, up 14% over the same period in 2023.
Domestic coffee price decreased by 3,000 VND/kg
Domestic coffee prices were updated at 5:24 a.m. on May 25, down 3,000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 114,200 VND/kg, the highest purchase price in Dak Nong province is 114,500 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is at 114,000 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 114,500 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 113,000 VND/kg.
In Dak Lak province, coffee is purchased at about 113,900 VND to 114,000 VND/kg.
Gasoline prices recover slightly
In the world market, the pricegasolineToday (May 25) continued to rise following the recovery trend from the previous session.
According to data from Oilprice, at 9:29 p.m. on May 24 (Vietnam time), Brent oil price was listed at $81.88/barrel, up 0.64% from the previous session. WTI oil price was at $77.55/barrel, up 0.88% from the previous session.
According to analysts, increased demand for gasoline in the US has had a positive impact on the "black gold" market.
Investors are focusing on the June 1 meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to see how the group will decide on its production policy and whether to extend its oil production cut program of 2.2 million barrels per day.
Many believe that the recent decline in oil prices increases the likelihood that OPEC+ will maintain current production restrictions at least until the end of September.