Gold prices fall sharply, gold buyers lose money
As of 6:15 p.m., DOJI Group listed the price of SJC gold bars at 83.3-85.8 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at DOJI decreased by 1.7 million VND/tael for buying and 1.2 million VND/tael for selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2.5 million VND/tael.
Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 83.3-85.8 million VND/tael (buy - sell).
Compared to the closing price of last week's trading session, the price of SJC gold bars at Saigon Jewelry Company decreased by VND 1.7 million/tael for buying and VND 1.2 million/tael for selling.
The difference between buying and selling price of SJC gold at DOJI Group is at 2 million VND/tael.
If you buy SJC gold at DOJI Group on November 24 and sell it today (December 1), you will lose 3.7 million VND/tael. Similarly, those who buy gold at Saigon Jewelry Company SJC will also lose 3.7 million VND/tael.
Currently, the difference between the buying and selling price of gold is listed at around 2 million VND/tael. Experts say this difference is very high, causing investors to face the risk of losing money when investing in the short term. See more...
Hanoi land prices hit record high
In 2024, Hanoi real estate will become the focus of the whole country, in which apartments and land are the two most interested segments.
Regarding the land segment, from the third quarter of 2024 to present, the market has witnessed land auctions in the suburbs of Hanoi with thousands of applications participating each session and winning prices dozens of times higher than the starting price. Experts believe that there are signs of "price inflation", creating a "virtual fever" when the situation of deposit cancellation after auction continuously occurs. However, it is undeniable that interest in this type has increased, creating heat for the market.
According to a survey by Lao Dong Newspaper reporters, in Dong Anh district, many plots of land in communes such as Hai Boi, Vinh Ngoc... have recently been advertised by owners at prices exceeding 100-150 million VND/m2. These communes were also the focus of previous land "fever" thanks to the benefits from large real estate projects that are about to be built and infrastructure completed.
In Dan Phuong district, land in some areas such as Tan Lap and Tan Hoi streets is currently being sold for around VND55-65 million/m2, an increase of about 20% compared to the beginning of the year. In Hoai Duc district, land prices in alleys in Duc Thuong, Duong Lieu, and Tien Yen areas are at VND50-60 million/m2, an increase of 20-30% compared to the beginning of the year. See more...
USD exchange rate fluctuates strongly
USD exchange rate today 1.12: Last week, the USD Index (DXY) measuring the greenback's fluctuations against 6 major currencies decreased by 1.65% to 105.78. Video: PV Group
Gasoline prices expected to drop sharply
World oil prices recorded a sharp decline last week. At the end of the trading week, WTI crude oil was at 70.70 USD/barrel last week, down to 68.00 USD/barrel this weekend. Overall, WTI crude oil fell 2.7 USD/barrel last week, an increase or decrease of 3.8% compared to the previous week.
Brent crude oil was at $75.17/barrel last week, down to $72.94/barrel this weekend. Overall, Brent crude oil fell $2.23/barrel last week, down 3% from the previous week.
Thus, world oil prices fell last week after a sharp increase the week before. According to analysts, oil prices fluctuated continuously last week due to conflicts in the Middle East. The ceasefire agreement between Israel and Hezbollah, which took effect on November 27, reduced oil risk premiums, causing oil prices to plummet despite both sides accusing each other of violating the agreement.
According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, petroleum prices may decrease.
The forecasted decrease is about 200-400 VND/liter. Of which, RON 95 gasoline may decrease about 430 VND/liter, E5 gasoline may decrease 125 VND/liter, and Diesel oil may decrease 405 VND/liter.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 22 times and decreased 25 times. Oil prices have increased 21 times and decreased 26 times. See more...
