Gold prices remain stable; Japanese Yen continues to weaken.

Domestic gold prices remain stable.

At the time of the survey at 5:00 AM on January 6, 2024, domestic gold prices remained stable but still hovered at a high level, fluctuating around 75 million VND/ounce, while world gold prices remained stable.

Gold priceOn the trading floors of several companies, the price of 9999 gold is listed by DOJI at 72.00 million VND/ounce for buying and 75.00 million VND/ounce for selling.

Meanwhile, at Mi Hong Gold and Gemstone Company, the price of SJC gold listed at the time of the survey was 72.50 - 74.30 million VND/ounce (buying price - selling price).

At Bao Tin Minh Chau Co., Ltd., the price of SJC gold is being traded at 72.25 – 74.75 million VND/ounce (buying price - selling price). Meanwhile, at Bao Tin Manh Hai, it is being traded at 72.00 – 75.20 million VND/ounce (buying price – selling price).

According to Kitco, the spot price of gold in the world market at 5:00 AM Vietnam time today was $2,044.335 USD/ounce, a difference of $1,355 USD/ounce compared to yesterday's price. Converted using the current exchange rate at Vietcombank, the world gold price is approximately VND 59.342 million/ounce (excluding taxes and fees). Therefore, the price of SJC gold bars is still VND 12.658 million/ounce higher than the international gold price.

The Japanese Yen continues to weaken.

Exchange rateJapanese YenThe Yen exchange rate at VCB Bank continues to weaken. Sacombank is the bank buying the Yen at the highest rate. A survey conducted on the morning of January 6, 2024, at various banks revealed the following:

At Vietcombank,Vietcombank's Japanese Yen exchange rate is 163.19 VND/JPY for buying and 172.74 VND/JPY for selling, a decrease of 1.74 VND in the buying rate and 1.85 VND in the selling rate.

At Vietinbank, the Yen exchange rate decreased by 1.15 dong in both buying and selling directions, equivalent to 163.52 VND/JPY and 173.22 VND/JPY respectively.

At BIDV Bank, the Japanese Yen exchange rate decreased by 2.18 VND on the buying side and 2.27 VND on the selling side, reaching 163.73 VND/JPY and 172.35 VND/JPY respectively.

At Agribank, the Japanese Yen exchange rate is 165.10 VND/JPY for buying and 170.28 VND/JPY for selling – a decrease of 2.15 VND in the buying rate and 2.26 VND in the selling rate.

At Eximbank, the buying rate decreased by 1.8 dong and the selling rate decreased by 1.84 dong, reaching 165.36 VND/JPY and 170.11 VND/JPY respectively.

At Techcombank, the Japanese Yen exchange rate decreased by 1.32 VND on the buying side and 1.38 VND on the selling side, reaching 161.24 VND/JPY and 172.22 VND/JPY respectively.

At Sacombank, the Japanese Yen exchange rate decreased by 1.24 VND in both buying and selling rates, reaching 165.49 VND/JPY and 172.04 VND/JPY respectively.

According to a survey of the black market, the Japanese Yen/VND exchange rate decreased by 0.92 dong in the buying rate and 0.97 dong in the selling rate, trading at 169.38 VND/JPY for buying and 170.43 VND/JPY for selling, respectively.

Gasoline and diesel prices continue to rise.

On the global market,gasoline and diesel pricesToday, January 6th, the upward trend from the previous session continued.

According to data from Oilprice, at 8:36 PM on January 5th (Vietnam time), Brent crude oil was trading at $78.33 per barrel, up $0.74, or 0.95%, from the previous session. WTI crude oil was trading at $73.09 per barrel, up $0.90, or 1.25%, from the previous session.

Oil prices rose after minutes from the US Federal Reserve meeting showed that inflation was under control.

Although the Fed's meeting minutes didn't specify when the central bank would begin cutting interest rates, recent discussions suggest inflation is under control and interest rates will be cut soon.

Lower interest rates reduce the cost of consumer borrowing. This can boost economic growth and increase demand for oil.

Coffee prices remain stable at 67,600 VND/kg.

Domestic coffee prices continued to rise for the second consecutive session, as of 5:00 AM on January 6, 2024, as follows: In the Central Highlands provinces, prices were around 67,600 VND/kg, with the highest purchase prices in Dak Lak and Dak Nong provinces at 67,600 VND/kg.

Specifically, the purchase price of coffee in Gia Lai and Kon Tum provinces was quite high at 67,700 VND/kg; in Dak Nong province, coffee was purchased at the highest price of 67,600 VND/kg.

In Lam Dong province, in districts such as Bao Loc, Di Linh, and Lam Ha, the price of bulk green coffee beans (green coffee beans, fresh coffee beans) is 66,900 VND/kg.

Coffee prices in Dak Lak province today are highest; in Cu M'gar district, coffee is being purchased at 67,600 VND/kg, while in Ea H'leo district and Buon Ho town, it is being purchased at the same rate of 67,700 VND/kg.