24h Economy: Gold price decline continues

Phương Anh |

Today's gasoline prices all decreased; Gold prices continued to decrease; Off-season durian prices hit a new peak... are notable economic news in the past 24 hours.

Gasoline prices drop across the board

Gia xang dong loat giam. Anh: Hai Nguyen
Gasoline prices drop across the board. Photo: Hai Nguyen

In today's adjustment session, RON 95 gasoline price decreased compared to the previous adjustment period, at 20,600 VND/liter (down 340 VND/liter). E5 RON 92 gasoline price decreased compared to the previous adjustment period, at 19,450 VND/liter (down 290 VND/liter).

Prices of petroleum products also decreased simultaneously. Of which, diesel price decreased by 340 VND, now at 18,570 VND/liter; kerosene has a new price of 18,980 VND (down 310 VND/liter); mazut has a new price of 16,000 VND/kg (down 390 VND/kg). See more...

Gold price continues to plummet today

As of 5:25 p.m., the price of SJC gold bars listed by DOJI Group was at 80-83.5 million VND/tael (buy - sell).

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 80-83.5 million VND/tael (buy - sell).

Bao Tin Minh Chau listed SJC gold price at 80-83.5 million VND/tael (buy - sell).

Currently, the difference between the buying and selling price of gold is listed at around 3.5 million VND/tael. Experts say that this difference is very high, causing investors to face the risk of losing money when investing in the short term.

As of 5:30 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 79.8-82.1 million VND/tael (buy - sell), down 1.3 million VND/tael for buying and down 1.1 million VND/tael for selling compared to the close of the previous trading session.

Bao Tin Minh Chau listed the price of gold rings at 80.12-82.22 million VND/tael (buy - sell); down 1.06 million VND/tael for buying and down 960,000 VND/tael for selling. See more...

Off-season durian prices hit new high, earning hundreds of millions of dong

Gia sau rieng trai vu lap dinh, thu hang tram trieu dong. Anh: Nhan vat cung cap
Off-season durian prices hit a peak, earning hundreds of millions of dong. Photo: Character provided

These days, durian growers in Hau Giang province are busy harvesting off-season durian.

Due to the lower fruit set rate compared to the favorable season, durian prices have increased, doubling compared to the favorable season. Currently, traders come to the garden to buy durian at prices ranging from 100,000 - 170,000 VND/kg, depending on the type.

Having just harvested 200 Ri6 durian trees, with a yield of 10 tons after deducting expenses, Mr. Nguyen Van Loc (Chau Thanh district, Hau Giang province) earned a profit of hundreds of millions of dong.

"On average, my durian garden generates about 500 million VND/year. To produce fruit in the off-season, the care requires a lot of effort and technique, but we avoid the situation of supply exceeding demand, so the selling price is higher," said Mr. Loc. See more...

Bank savings interest rates expected to increase

For the 1-month term, Bac A Bank leads with an interest rate of 4.15%/year. OceanBank follows with an interest rate of 4.1%/year; Eximbank, Dong A Bank, OCB, NCB, MSB currently pay interest of 3.9%/year for this term.

At the 3-month term, Bac A Bank leads with an interest rate of 4.45%/year. Followed by OceanBank with an interest rate of 4.4%/year and Eximbank with an interest rate of 4.3%/year.

At the 6-month term, Bac A Bank currently pays the highest interest rate of 5.6%/year. Followed by NCB, Dong A Bank with interest rate of 5.55%/year and interest rate of 5.4%/year listed at OceanBank.

At the 9-month term, Bac A Bank currently pays an interest rate of 5.7%/year; NCB currently pays an interest rate of 5.65%/year. Following is the interest rate of 5.55%/year listed at Dong A Bank.

For a 12-month term, Bac A Bank currently offers the highest interest rate of 6.0%/year. This is followed by an interest rate of 5.9%/year at ABBank and an interest rate of 5.8%/year at OceanBank, Dong A Bank, NCB, BVBank, SaigonBank and BaovietBank. See more...

Phương Anh
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Khương Duy |

Gold prices today, November 14, decreased in both domestic and international markets. Experts say the decline could be an opportunity to buy.