Gold reverses to increase slightly; USD exchange rate at 3-week high

Gold reversed to increase slightly

SJC GoldThe price of gold reversed and increased slightly, bringing the price to 80.32 million VND/tael, while world gold prices recorded a decrease in the weekend session.

At the time of survey at 5:00 a.m. on March 24, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold at 78.10 million VND/tael for buying and 80.10 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 78.60 - 79.80 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 78.05 - 79.95 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 78.05 - 80.15 million VND/tael (buy - sell).

The world gold price recorded at 5:00 a.m. today, Vietnam time, was 2,165.310 USD/ounce. Converted according to the current exchange rate at Vietcombank, the world gold price is about 63.945 million VND/tael (excluding taxes and fees).

USD exchange rate rises to 3-week high

USD exchange rateToday, March 24, VCB USD continued to be at parity, while the world USD recorded an increase to its highest level in 3 weeks.

The central VND/USD exchange rate announced by the State Bank today is adjusted to 24,003 VND/USD, up 4 VND compared to the trading session on March 22.

Currently, the exchange rate allowed for transactions by commercial banks ranges from 23,400 - 25,153 VND/USD.

In global markets, the US Dollar Index rose to a three-week high of around 104.4 points on the closing day of the trading week and is expected to rise for a second consecutive week, underpinned by bets that other major central banks may start cutting interest rates sooner than the US Federal Reserve (FED).

Japanese Yen exchange rate tends to decrease at the end of the week

Today's Japanese Yen exchange rate surveyed on the morning of March 24 at banks, specifically as follows:

At Vietcombank,Vietcombank Japanese Yen exchange rate has buying rate of 158.70 VND/JPY and selling rate of 167.97 VND/JPY, down 0.71 VND in buying and down 0.76 VND in selling.

At Vietinbank, the Yen exchange rate increased by 0.34 VND in both buying and selling directions, equivalent to 159.4 VND/JPY and 169.1 VND/JPY.

At BIDV Bank, the Japanese Yen exchange rate decreased by 0.51 VND in buying and 0.56 VND in selling, reaching 159.3 VND/JPY and 167.8 VND/JPY, respectively.

At Agribank, the Japanese Yen exchange rate for buying and selling is 159.61 VND/JPY and 167.69 VND/JPY - down 1.11 VND for buying and down 1.2 VND for selling.

At Eximbank, the buying price decreased by 0.56 VND and the selling price decreased by 0.58 VND, respectively at 161.06 VND/JPY and 165.75 VND/JPY.

At Techcombank, the Japanese Yen exchange rate decreased by 0.41 VND at buying and 0.4 VND at selling with prices of 156.0 VND/JPY and 169.41 VND/JPY, respectively.

At Sacombank, the Japanese Yen exchange rate decreased by 0.6 VND in the buying and selling directions, corresponding to the prices of 161.44 VND/JPY and 166.51 VND/JPY.

Domestic coffee prices remain high

Coffee priceDomestic prices updated at 5:17 a.m. on March 24 slightly decreased by 200 VND/kg but remained high. Currently, the average purchase price in the Central Highlands provinces is 94,900 VND/kg, the highest purchase price in Dak Nong province is 95,000 VND/kg.

Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is quite high at 94,800 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 95,000 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 94,400 VND/kg.

In Dak Lak province; in Cu M'gar district, coffee is purchased at about 94,800 VND to 94,900 VND/kg./.