When opening the commercial session on the morning of May 7, the price of SJC gold bilges was listed by large companies to 120.7-122.7 million VND/Tael (purchase-sale), an increase of 500,000 VND/TAEL both in purchase and for sale compared to the closing price of yesterday.
The price of smooth gold rings also increased by 500,000 VND both in the purchase and sales direction, quoting between 116 and 118.5 million VND/Tael (purchase-sale).
When opening the negotiation session of this morning (Vietnam time), the price of precious metals in the international market was anchored around $ 3,393 an ounce, $ 45 less than the peak of the session yesterday. Converted to the exchange rate without including taxes or rates, the world price of gold is equivalent to 106.9 million VND/Tael.
The price of gold increased by more than 2.4 million Vnd/Tael in one day (photo: Manh quan).
In the session of May 6, the price of gold reached $ 3.436, the highest level in two weeks. Gold prices rose due to the strong purchases of China after a long vacation and concerns about the possibility that the United States imposes tariffs on pharmaceutical imports.
The gold rebound is backed by a new wave of China investments, along with the efforts of world central banks to diversify their portfolios and reduce their dependence on the US dollar, said Adrian Ash, Bullionvault research director.
-Meanwhile, the dollar weakened as investors became increasingly impatient with commercial events, which made gold more attractive to holders of other coins.
Another factor that is expected to influence the direction of gold is the position of the Fed on interest rates. Investors now closely follow the next political decision of the US Central Bank, and the comments of the president of the FED, Jerome Powell, are expected to provide clues about the time of flexibility.
The central rate continues
At the end of yesterday’s negotiation session, the central exchange rate announced by the State Bank was 24,938 VND/USD, 4 VND less than before. With a 5%amplitude, the exchange rate of the dollar that commercial banks are authorized to negotiate is 23,692-26.187 VND/USD.
The main banks quoted the dollar between 25,760 and 26,150 VND (purchase-sale), a slight increase of 10 vnd both in purchase and for sale. Dollars prices in joint banks ranged between 25,760 and 26,160 Vnd (purchase-sale).
In the “Black Market”, the dollar is negotiated between 26,420 and 26,520 vnd (purchase-sale), a 10 VND drop in each direction.
Fuente: https://dantri.com.vn/kinh-doanh/gia-vang-tang-tien-sat-123-trieu-dongluong-20250507070129941.htm
