Gold prices remain stable; Gas prices increase by 6,000 VND per 12 kg cylinder.
(Baonghean.vn) - Market update for January 2nd, 2024: Gold maintains price at 74 million VND/ounce; US dollar edged up slightly globally; Oil shows no positive signs; Gas prices increased; Domestic coffee prices reversed course and rose slightly.
Gold price remains at 74 million VND/ounce.
At the time of the survey, 5:00 AM on January 2, 2024,gold priceDomestic gold prices remained stable at 74 million VND/ounce. Prices on the trading floors of some companies are as follows:
Today, DOJI lists the price of 9999 gold at 68.00 million VND/ounce for buying and 74.00 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 70.50 - 73.00 million VND/ounce (buying price - selling price).
At Bao Tin Minh Chau Co., Ltd., the price of SJC gold is being traded at 70.50 – 73.90 million VND/ounce (buying price - selling price). Meanwhile, at Bao Tin Manh Hai, it is being traded at 70.00 – 74.20 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 $2,062.970 USD/ounce. Converted using the current exchange rate at Vietcombank, the world gold price is approximately VND 59.611 million per tael (excluding taxes and fees). Therefore, the price of SJC gold bars is still VND 11.389 million per tael higher than the international gold price.
USD reverses course and edges up slightly.
USD exchange rateToday (January 2, 2024), the Vietnamese Dong (VND) in the domestic market continued its sideways trend, while the global USD reversed course and edged up slightly.
The central exchange rate of VND/USD today (January 2nd) was announced by the State Bank of Vietnam (SBV) at 23,866 VND/USD, a decrease of 38 dong compared to the trading session on December 29th.
Currently, the permitted exchange rate for commercial banks ranges from 23,400 to 25,009 VND/USD. The US dollar exchange rate has also been brought within the buying and selling range of 23,400 to 25,009 VND/USD by the State Bank of Vietnam's Exchange Department.
This morning, the USD exchange rate and domestic dollar price at banks saw a series of upward adjustments. Specifically, Vietcombank's buying rate was 24,050 and the selling rate was 24,420, an increase of 20 dong compared to the trading session on December 29th. The current buying and selling price of USD is in the range of 23,400 - 25,300 VND/USD.
On the global market, the Dollar Index (DXY), which measures the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), closed at 101.38 points – up 0.05% compared to December 29th. The USD edged slightly higher on the first trading day of the year, with the USD Index reaching 101.38 points, up 0.05%.
Global gasoline and oil prices continue their downward trend.
PricegasolineToday (January 2, 2024), the international market is forecast to continue the downward trend from last week, with no positive signs yet. At the end of the final trading week of 2023, world oil prices closed in the red after two weeks of gains.
Specifically, WTI crude oil prices ended the week at $71.65 per barrel, down 2.6% from the previous week. Brent crude oil prices also fell 2.23%, to $77.04 per barrel.
The main reason for the drop in oil prices last week was the easing of tensions in the Red Sea, reducing supply disruptions. Several shipping companies have begun resuming operations in the area after the US deployed a multinational military operation to deter Houthi attacks and ensure the safety of cargo ships.
In addition, the stable oil supply from Russia, the world's third-largest producer after the US and Saudi Arabia, has also contributed to the decline in oil prices.
Meanwhile, oil demand shows no signs of improvement. International organizations have a rather pessimistic outlook on global oil demand, at least for the first half of this year.
The Organization of Petroleum Exporting Countries (OPEC) forecasts global oil demand in 2024 to increase by 2.2 million barrels per day, reaching 104.4 million barrels per day.
Gas prices have increased by 6,000 VND per 12 kg cylinder.
At the opening of trading on the morning of January 2, 2024, the price of natural gas on the world market surged by 6.15% to $2.65/mmBTU for the February 2024 natural gas futures contract.
According to Aleksey Miller, CEO of Russian energy giant Gazprom, Russian gas supplies to China exceeded contract levels last year, reaching 23.2 billion cubic meters.3, a sharp increase compared to the total export volume of 15.5 billion m³.3in 2022.
The Russian energy giant has reported record daily gas export volumes nine times since the beginning of 2023 and is expected to continue growing, projected to reach 38 billion cubic meters.3by 2025.
In the domestic market, retail gas prices will increase by 450-500 VND/kg (including value-added tax) from the first day of the new year, January 1, 2024. Accordingly, each gas cylinder will increase by 3,000 VND/6 kg, 6,000 VND/12 kg cylinder, 22,500 VND/45 kg cylinder, and 25,000 VND/50 kg cylinder.
Domestic coffee prices have risen slightly again.
Domestic coffee prices, updated at 5:00 AM on January 2nd, 2024, have slightly increased again after a sharp decline on the first day of 2024. Currently, the average coffee price in the Central Highlands provinces is around 68,200 VND/kg, with the highest purchase price in Dak Lak and Dak Nong provinces at 68,400 VND/kg.
Specifically, the purchase price of coffee in Gia Lai and Kon Tum provinces was quite high at 68,300 VND/kg; in Dak Nong province, coffee was purchased at the highest price of 68,400 VND/kg.
In Lam Dong province, in districts such as Bao Loc, Di Linh, and Lam Ha, green coffee beans are being purchased at a price of 67,500 VND/kg.
