USD continues to plummet; Domestic gold increases sharply

USD continues to plummet

Today, the VCB USD exchange rate increased by 40 VND in both buying and selling directions in the last session before the Lunar New Year holiday, the world USD continued to plummet.

The central VND/USD exchange rate announced by the State Bank is adjusted to 23,956 VND/USD, down 8 VND compared to the trading session on February 7.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,103 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank Exchange from 23,400 to 25,103 VND/USD.

In the world market, the Dollar Index (DXY), which measures the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 104.06 points - down 0.15% compared to trading on February 7.

Domestic gold price increases sharply, world price remains unchanged

Today, domestic gold prices increased sharply after the Lunar New Year holiday, currently the gold price is hovering near the 79 million VND mark, while world gold prices are flat.

At the time of survey at 5:00 a.m. on February 8, 2024, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold at 76.55 million VND/tael for buying and 78.85 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 76.75 - 78.90 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 76.75 - 79.70 million VND/tael (buy - sell).

According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was 2,034,040 USD/ounce, down 1,845 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 59,195 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 17,505 million VND/tael higher than the international gold price.

Domestic coffee prices rise again

Domestic coffee prices were updated at 4:24 a.m. on February 8, 2024, slightly increasing again after the previous sharp decline, an increase of about 300 - 400 VND/kg; currently the average buying price in the Central Highlands provinces is 78,300 VND/kg, the highest price in Dak Nong province is 78,700 VND/kg.

Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is quite high at 78,300 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 78,700 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, is purchased at 77,600 VND/kg.

In Cu M'gar district, Dak Lak province, coffee is purchased at 78,300 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 78,400 VND/kg.