Domestic gold prices this morning, January 21, are being traded at the following level:
Opening this morning's trading session, the gold price at 9:00 a.m. was listed by SJC Hanoi at 43.55 million VND/tael (up 250,000 VND/tael for buying) and 44.02 million VND/tael (up 250,000 VND/tael for selling) compared to the morning session on January 20.
Doji Hanoi Jewelry Group listed at 43.70 million VND/tael (up 250,000 VND/tael for buying) and 43.90 million VND/tael (up 250,000 VND/tael for selling) compared to the session yesterday morning.
Ho Chi Minh City SJC listed at 43.55 million VND/tael (up 250,000 VND/tael for buying) and 44.00 million VND/tael (up 300,000 VND for selling) compared to the morning session on January 20.
The world gold price today, January 21, is listed at 1,561 USD/z. The price of gold for March delivery contracts decreased to 1,565 USD/oz.
Converted at USD at Vietcombank (1 USD = 23,245 VND), the world gold price is equivalent to about 43.71 million VND/tael, 240,000 VND/tael lower than the price of SJC gold sold at the present time.
Gold is improving in the context of investors' concerns about the tense situation in the Middle East. While the stock market may fluctuate strongly in the future and the possibility of businesses' profits will decrease as well as the negative impact of super low interest rates.
Gold prices also increased thanks to strong demand during the Lunar New Year in many Asian countries.
In addition, central banks of many countries are also constantly increasing their gold purchases.
