Gold price remains unchanged; Gas price increases by 6,000 VND/12 kg tank
(Baonghean.vn) - Market on January 2, 2024 with updated information: Gold price remains at 74 million VND/tael; World USD slightly increases; Oil has no positive signal; Gas price increases; Domestic coffee reverses and increases slightly.
Gold price remains at 74 million VND/tael
At the time of survey at 5:00 a.m. on January 2, 2024,gold priceDomestic prices remained unchanged at 74 million VND/tael. On the trading floors of some companies as follows:
The price of 9999 gold today is listed by DOJI at 68.00 million VND/tael for buying and 74.00 million VND/tael for selling.
At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 70.50 - 73.00 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 70.50 - 73.90 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 70.00 - 74.20 million VND/tael (buy - sell).
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was 2,062,970 USD/ounce. Converted according to the current exchange rate at Vietcombank, the world gold price is about 59,611 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 11,389 million VND/tael higher than the international gold price.
USD reversed and increased slightly
USD exchange rate/VND today (January 2, 2024), in the domestic market continued to move sideways, the world USD reversed and increased slightly.
The central VND/USD exchange rate today (January 2) was announced by the State Bank of Vietnam (SBV) at 23,866 VND/USD, down 38 VND compared to the trading session on December 29.
Currently, the exchange rate allowed for trading by commercial banks (CBs) fluctuates from 23,400 - 25,009 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam (SBV) from 23,400 to 25,009 VND/USD.
The bank USD exchange rate, foreign exchange rate and domestic USD price this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,050 and a selling price of 24,420, an increase of 20 VND compared to the trading session on December 29. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.
In the world market, the Dollar Index (DXY), measuring the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 101.38 points - up 0.05% compared to trading on December 29. The USD increased slightly in the first session of the year with the USD Index reaching 101.38 points, up 0.05%.
World oil and gas prices continue to decline
PricegasolineToday (January 2, 2024) on the international market is forecast to continue the downward trend from last week, with no positive signs yet. At the end of the last trading week of 2023, world oil prices closed in the red after 2 weeks of price increases.
Specifically, WTI oil price ended last week at 71.65 USD/barrel, down 2.6% compared to the previous week. Brent oil price also decreased 2.23%, down to 77.04 USD/barrel.
The main reason for the decline in oil prices last week was the easing of tensions in the Red Sea, which has reduced supply disruptions. Some shipping lines have begun to resume operations in the area after the US launched a multinational military operation to prevent attacks by Houthi forces and ensure commercial safety for cargo ships.
In addition, stable oil supply from Russia, the world's third largest producer after the US and Saudi Arabia, also contributed to pushing oil prices down.
Meanwhile, oil demand has yet to show signs of improvement. International organizations are not optimistic about global oil demand, at least in the first half of this year.
The Organization of the Petroleum Exporting Countries (OPEC) expects global oil demand to increase by 2.2 million barrels per day in 2024 to 104.4 million barrels per day.
Gas price increased by 6,000 VND/12 kg cylinder
Opening the trading session on the morning of January 2, 2024, gas prices in the world market increased sharply by 6.15% to 2.65 USD/mmBTU for natural gas contracts for delivery in February 2024.
Russian gas supplies to China last year exceeded the contracted amount and reached 23.2 billion cubic meters, said CEO of Russian energy giant Gazprom Aleksey Miller.3, a sharp increase compared to the total export volume of 15.5 billion m3in 2022.
The Russian energy giant has reported nine record daily gas exports since the start of 2023 and is expected to continue growing, forecasting it will reach 38 billion m3by 2025.
In the domestic market, retail gas prices from the first day of the new year, January 1, 2024, will increase by 450 - 500 VND/kg (including value added tax). 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 increased slightly again
Domestic coffee prices updated at 5:00 a.m. on January 2, 2024 increased slightly again after a sharp decrease on the first day of 2024. Currently, the average coffee price in the Central Highlands provinces is about 68,200 VND/kg, the highest purchase price in Dak Lak and Dak Nong provinces is 68,400 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is quite high at 68,300 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 68,400 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 67,500 VND/kg./.
