Domestic gold price reverses to decrease; Coffee price remains high

Domestic gold price reversed and decreased by 100,000 VND/tael

Gold priceDomestic gold price today (December 17) reversed and decreased by 100,000 VND/tael. World gold price increased slightly to close to 2,020 USD/ounce.

At the time of survey at 5:00 a.m. on December 17, on the trading floors of some companies as follows: DOJI listed the price of 9999 gold at 73.20 million VND/tael for buying and 74.40 million VND/tael for selling.

At Mi Hong Jewelry Company, the price of Mi Hong gold at the time of survey was listed at 73.40 - 74.20 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 73.45 - 74.35 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 73.35 - 74.40 million VND/tael (buy - sell).

In the world market, according to Kitco, recorded at 5:00 am today (Vietnam time) spot price was 2,019,540. Converted according to the current exchange rate at Vietcombank, the world gold price is about 58,332 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 15,018 million VND/tael higher than the international gold price.

Gold ended the week at $2,019.54 an ounce. While there is a lot of potential in the market, analysts noted that the precious metal still has some work to do as it recovers from its recent peak after hitting an all-time high. Analysts noted that gold's fortunes have improved as it enters the final trading week of 2023.

Coffee prices remain high at 67,000 VND/kg

PricecoffeeDomestic prices updated at 5:28 a.m. on December 17: Coffee prices are stable and at a high level. Currently, the average coffee price in the Central Highlands provinces is about 66,800 VND/kg, the highest purchase price in Dak Lak and Dak Nong provinces is 67,000 VND/kg.

Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces on December 17 was quite high at 66,900 VND/kg; In Dak Lak and Dak Nong provinces, coffee was purchased at the highest price of 67,000 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 is purchased at 66,300 VND/kg.

In Dak Lak province today, the highest coffee purchase price is: in Cu M'gar district, it is purchased at 66,900 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 67,000 VND/kg.

Pig price has not exceeded 50,000 VND/kg

PricepigsToday (December 17) recorded the average level in the regions, still not exceeding the 50,000 VND/kg mark.

In the Northern region, pig prices continued to move sideways across a wide area and fluctuated between 49,000 - 51,000 VND/kg.

In the Central Highlands region, the price of live pigs today is quiet and fluctuates between 47,000 - 49,000 VND/kg.

In the Southern region, the price of live pigs did not record any fluctuations compared to the previous day and fluctuated between 47,000 - 51,000 VND/kg.

In general, last week (from December 11 to 17), the price of live pigs fluctuated up and down inconsistently. After a slight increase at the beginning of the week, the price of live pigs turned down again at the end of the week. Notably, in the Southern region, the downward trend occurred throughout the past week.

Recorded on the weekend of December 17, the average price of live pigs in the Northern region stood at 50,840 VND/kg; in the Central Highlands region stood at 48,500 VND/kg; in the Southern region stood at 49,050 VND/kg. Thus, the average price of live pigs in the regions is still hovering around 50,000 VND/kg.

Unlike previous years, the price of live hogs and pork this year has been low for a long time and cannot rebound at the end of the year. According to traders, the reason is that the purchasing power in the market is quite weak. This year, many workers are unemployed, so the shopping trend at the end of the year is very low. In addition, the supply of pork on the market is very abundant.