Recovering at the end of the week, SJC gold still lost 1.7% of its value last week

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Surveyed at 9:30 this morning (September 26), the price of SJC gold bars at Saigon Jewelry Company Limited (SJC) is at 55.05 – 55.55 million VND / tael, up again 450 thousand VND / tael in both buying and selling directions compared to the survey price in the morning.

The difference between buying and selling prices is at 500 thousand dong / tael.

Meanwhile, the retail price of Doji gold in Hanoi also turned back to increase 300 thousand dong / volume bought in and 350 thousand dong / tael sold, currently being traded around 54.95 – 55.45 million dong/ quantity. The difference between buying and selling prices was at 500 thousand dong / tael.

However, compared to the end of last week, each amount of SJC gold has decreased by nearly 1 million dong, equivalent to 1.7% of its value.

Chart: Kitco

At the same time, the spot gold price on Kitco is currently trading around 1,861.2 USD / ounce, down 7.4 USD, equivalent to 0.4% in value compared to the previous session.

Converting to the exchange rate at Vietcombank, the world gold price is being bought at 52.2 million dong / tael, about 2.85 million dong / tael lower than the domestic buying price.

Previously, at the end of the trading session yesterday (September 25), the gold futures price of the US decreased by 0.6% to USD 1,865 / ounce.

Gold prices are trading near a 2-month low, as investors turn to the dollar as Covid-19 instances rise and the uncertainty of the next US stimulus to support the economy.

Compared to the end of last week, precious metal prices have fallen about 4.4% while the dollar set the best week since early April.

Source: bizlive.vn – Translated by fintel.vn