Gold price in Nghe An today (November 21): Soared nearly 4 million VND/tael after 3 days
After 3 consecutive days of increase, the price of gold rings in Nghe An has exceeded 87 million VND/tael, an increase of nearly 4 million VND/tael.
Marking the third consecutive session of increase, this morning (November 21), the gold price traded at 2,650 USD/ounce, up 20 USD compared to the same price the previous day. Thus, if calculated in the last 3 trading sessions, the gold price has increased by a total of 88 USD, from 2,562 USD to 2,650 USD/ounce.
In Nghe An, opening the trading session this morning, 9999 gold rings were listed by gold shops as follows: Kim Thanh Huy Gold and Silver is 83.50 million VND/tael (buy) and 87.20 million VND/tael (sell); Duc Tai Tam Dat Gold and Silver (Quynh Luu) 84.30 million VND/tael (buy) and 87.30 million VND/tael (sell); Nhu Trinh Gold and Silver 82.70 million VND/tael (buy) and 86.0 million VND/tael (sell);... Thus, compared to the national price level, the price of gold rings in Nghe An is 2 million VND/tael higher in the selling direction.
According to analysts, the world gold price has been continuously increasing as investors seek safe havens amid growing geopolitical instability and escalating tensions between Russia and Ukraine. On the other hand, US President-elect Donald Trump's tax proposals could cause volatility in the global market, putting pressure on inflation and limiting the ability of major central banks to loosen monetary policy. However, macroeconomic and geopolitical instability and consumer demand will maintain positive sentiment in the world gold market.
Thus, after 3 days, the price of 9999 plain rings increased by nearly 4 million VND/tael.
