Today (January 11) the price of gold increased by 700,000 VND/tael

In early trading on January 11, the gold buying and selling spread narrowed to nearly 2.5 million VND/tael. Financial Bank Today (January 11), the price of gold rose by 700,000 VND/tael Tram Anh • {Published Date}In early trading on January 11, the gold buying and selling spread narrowed to nearly 2.5 million VND/tael.

In the domestic gold market, after trading sideways yesterday, the gold price of Saigon Jewelry Company SJC opened on the morning of January 11. Buyers increased by 700,000 VND/tael, and sellers increased by 200,000 VND/tael. The listing price is VND722,000-74.72 million/tael (buy-sell).

In the Ho Chi Minh City market, the price of SJC gold is VND72.2-74.7 million per tael.

On DOJI, the buying price of gold today is VND72.15 million/tael, and the selling price is VND74.65 million/tael. In Baotian Minh Chau, the buying price of gold bars was VND72.2 million per tael, and the selling price was VND74.65 million per tael.

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PNJ (HM:) The buying price of gold today is VND72 million/tael, and the selling price is VND74.75 million/tael.

The rings haven’t changed much.

Several days of “unstable” domestic gold prices continue as investors await new measures from the central bank. Previously, the National Bank confirmed that it would consider amending Decree No. 24 on gold bars in January this year.

In the international gold market, the spot price of U.S. gold fell by US$5.7 to US$2,024.3 per ounce yesterday. During the Asian session this morning, the price of gold reversed and rose by US$7 to US$2,031.3 per ounce.

Gold futures for February 2024 delivery on the New York Mercantile Exchange fell $5.2, or 0.26%, to $2,027.8 per ounce.

Gold saw only minor moves as traders awaited data from Thursday’s December Consumer Price Index report and Friday’s December Producer Price Index report.

According to the latest commodity analysis from StoneX Bullion, gold prices are expected to rise further due to ongoing economic and political uncertainty.

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