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Gold prices fell for the fourth consecutive day

Hà Nội MớiHà Nội Mới25/05/2023


(HNMO) - On May 25, the price of SJC gold bars decreased by VND100,000/tael in the selling direction, marking the fourth consecutive day of decline; the price of gold rings decreased more sharply with a decrease of VND200,000/tael.

Gold prices fell.

At nearly 9:00 a.m., Saigon Jewelry Company Limited listed the price of SJC gold bars at 66.45 million VND/tael (buy) - 67.05 million VND/tael (sell), down 50,000 VND/tael each way compared to the end of May 24. Phu Nhuan Jewelry Joint Stock Company reduced 100,000 VND/tael each way, to 66.45 million VND/tael (buy) - 67 million VND/tael (sell). Meanwhile, Bao Tin Minh Chau Company Limited reduced 50,000 VND/tael for buying, to 66.42 million VND/tael; kept the selling price unchanged at 66.98 million VND/tael.

Thus, this is the fourth consecutive day that the price of precious metals has decreased, down a total of about 350,000 VND/tael.

Regarding the price of gold rings, businesses adjusted the price down more strongly. For example, Saigon Jewelry Company Limited listed the price of 1-5 chi gold rings at 55.75 million VND/tael (buy) - 56.7 million VND/tael (sell) and 0.5 chi gold rings at 55.75 million VND/tael (buy) - 56.8 million VND/tael (sell), lower than the end of the previous day by 100,000 VND/tael each way. Phu Nhuan Jewelry Joint Stock Company reduced the price by 150,000 VND/tael (buy) and 200,000 VND/tael (sell), listing the price at 55.7 million VND/tael (buy) - 56.7 million VND/tael (sell).

Domestic gold prices fell due to the impact of the international market. Last night, gold prices fell sharply to 1,960 USD/ounce in the context of the rising USD price. By 9am, the trading price was at 1,956.8 USD/ounce, converted to be about 11.1 million VND/tael lower than the domestic gold price.



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