24h Economy: Risk of loss when surfing gold

Phương Anh |

Gold price increases sharply; Bitcoin price reaches 92,000 USD; Forecast of gasoline price tomorrow; Bank interest rates... are notable economic news in the past 24 hours

Gold prices on the rise again

Gia vang tren da tang tro lai. Anh: Phan Anh
Gold prices are on the rise again. Photo: Phan Anh

As of 7:00 p.m., the price of SJC gold bars was listed by DOJI Group at 82.7-85.7 million VND/tael (buy - sell).

Meanwhile, Saigon Jewelry Company listed the price of SJC gold at 82.7-85.7 million VND/tael (buy - sell).

Bao Tin Minh Chau listed SJC gold price at 83.2-85.7 million VND/tael (buy - sell).

Compared to the previous trading session, gold price at Bao Tin Minh Chau increased by 200,000 VND/tael for buying and increased by 700,000 VND/tael for selling.

Currently, the difference between the buying and selling price of gold is listed at around 3 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 7:10 p.m. today, the price of 9999 Hung Thinh Vuong round gold rings at DOJI is listed at 84.3-85.3 million VND/tael (buy - sell), an increase of 500,000 VND/tael for both buying and selling compared to the close of the previous trading session.

Bao Tin Minh Chau listed the price of gold rings at 84.33-85.28 million VND/tael (buy - sell); increased by 450,000 VND/tael for buying and increased by 500,000 VND/tael for selling. See more...

Bitcoin price hits $92,000

Gia Bitcoin dat moc 92.000USD. Anh: Bitcoin
Bitcoin price reaches 92,000 USD. Photo: Bitcoin

In the trading session on November 20 (Vietnam time), the price of Bitcoin on Binance increased by 1.64% to $92,258.

Notably, in the past 24 hours, the world's largest cryptocurrency traded at a low of $90,848 and at one point reached a high of $93,845.

Also according to CoinMarketCap, today, Bitcoin trading volume reached about 74.24 billion USD. Market capitalization remained at 1.825 billion USD.

On the Binance tracking tool, other virtual currency prices witnessed notable fluctuations such as Ethereum price decreased by 1.96%, at 3,103 USD; BNB price decreased by 0.71%, at 614.09 USD; SOL price decreased by 1.12%; XRP price decreased by 1.57% compared to yesterday's trading session.

According to experts, some bold predictions suggest that Bitcoin price could reach $100,000 by the end of 2024. This view is not only based on the current bullish trend but also linked to many macro and strategic factors.

Gasoline prices down

Gia xang tiep tuc giam. Anh: Huy Nguyen
Gasoline prices continue to fall. Photo: Huy Nguyen

The above domestic retail prices of gasoline and oil were adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of November 14. Accordingly, all gasoline and oil products decreased simultaneously. The price of E5 RON 92 gasoline decreased by 292 VND/liter, RON 95-III gasoline decreased by 247 VND/liter, diesel oil decreased by 344 VND/liter, kerosene decreased by 306 VND/liter, and fuel oil decreased by 385 VND/kg.

Discount prices of petroleum products today, November 20, at some domestic petroleum dealers are as follows:

PVOIL discounts on November 20 as follows: Diesel discount (0.005S-V): 1,450 VND/liter; Diesel discount (0.001S-V): 1,400; RON 95 - III gasoline: 1,250 VND/liter; E5 gasoline: 1,200 VND/liter. Applicable at PVOIL Dinh Vu warehouse, Petec An Hai, Cai Lan.

Tu Luc Petroleum discounts on November 20 as follows: Diesel discount (0.005S-V): 1,400 VND/liter; Diesel discount (0.001S-V): 1,350; RON 95 - III gasoline: 1,200 VND/liter; E5 gasoline: 1,200 VND/liter.

MIPEC gasoline discount on November 20: RON 95 - III discount: 1,100 VND/liter; E5 gasoline: 1,000 VND/liter; oil: 1,400 VND/liter. Applicable to the Northern region. See more...

Special bank interest rates up to 9.5%

Many banks list interest rates at high levels, up to 7-9.5%. However, to receive this interest rate, special conditions must be met.

PVcomBank is currently leading in special interest rates when customers deposit money at the counter, with 9.5% for a term of 12-13 months. However, the condition to receive this interest rate is that customers must have a minimum deposit balance of VND2,000 billion.

Next is HDBank with a particularly high interest rate, up to 8.1%/year for a 13-month term and 7.7% for a 12-month term, with a minimum balance of VND500 billion. This bank also applies a 6% interest rate for an 18-month term.

MSB applies interest rates for deposits at the counter up to 8%/year for a 13-month term and 7% for a 12-month term. The applicable conditions are that new savings books or savings books opened from January 1, 2018 automatically renew with a term of 12 months, 13 months and a deposit amount of VND 500 billion or more. See more...

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