Gold price soars; Coffee price 'free fall'
(Baonghean.vn) - Gold prices continue to skyrocket; Japanese Yen's week of soaring growth; Domestic coffee prices drop sharply, in a state of "free fall", are market information updated on the morning of May 5.
Domestic gold price increased rapidly
SJC gold increased sharply, reaching a peak of 86 million VND/tael at some brands, while world gold remained unchanged over the weekend.
At the time of the survey at 5:00 a.m. on May 5,gold priceon the trading floor of some companies as follows:
DOJI listed the price of 9999 gold at 83.50 million VND/tael for buying and 85.70 million VND/tael for selling.
At Mi Hong Jewelry Company, at the time of survey, the listed price of SJC gold was at 83.60 - 85.10 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 83.60 - 85.80 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 83.60 - 86.00 million VND/tael (buy - sell).
According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was 2,301.93 USD/ounce. Converted according to the current exchange rate at Vietcombank, the world gold price is about 69,463 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 14,037 million VND/tael higher than the international gold price.
The Japanese Yen's "galloping" week
Japanese Yen Exchange RateThe index continued to increase steadily during the week, reaching a 3% increase after a series of days of losses.
Japanese Yen exchange rate surveyed on the morning of May 5 at banks, specifically as follows:
At Vietcombank,The Yen buying rate is 161.02 VND/JPY and the selling rate is 170.43 VND/JPY.
Vietinbank has a buying rate of 161.69 VND/JPY and a selling rate of 171.39 VND/JPY.
At BIDV Bank, the Japanese Yen buying rate is 161.14 VND/JPY and the selling rate is 169.65 VND/JPY.
Agribank, the Japanese Yen buying and selling rates are 161.96 VND/JPY and 170.17 VND/JPY.
At Eximbank, the buying rate of Japanese Yen is 162.22 VND/JPY and the selling rate is 168.16 VND/JPY.
Techcombank, the Japanese Yen exchange rate for buying is 159.31 VND/JPY and for selling is 171.8 VND/JPY
At Sacombank, the buying rate of Japanese Yen is 164.02 VND/JPY and the selling rate is 169.07 VND/JPY
NCB Bank, Japanese Yen exchange rate is 161.77 VND/JPY for buying and 169.87 VND/JPY for selling.
Domestic coffee prices "free fall"
Coffee pricesDomestic prices were updated at 4:24 a.m. on May 5, with a sharp drop and a "free fall" of 15,000 - 16,000 VND/kg. This is considered the biggest drop after each trading session in recent times. Currently, the average purchase price in the Central Highlands provinces is 102,800 VND/kg, the highest purchase price in Dak Nong province is 103,500 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is at 102,000 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 103,500 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 102,500 VND/kg.
In Dak Lak province, coffee is purchased at about 102,900 VND to 103,000 VND/kg.
