Domestic gold prices this morning (October 15) continued to record a positive trading session. Notably, after a long period of closely following, the price of plain gold rings was adjusted by a unit to exceed the price of SJC gold bars, in some places trading up to 149.3 million VND/tael.
Recorded at 10:00, the price of SJC gold bars was listed by DOJI Group at 145.3-147.3 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2 million VND/tael.
The price of SJC gold bars was listed by Bao Tin Minh Chau at 145.6-147.6 million VND/tael (buy in - sell out). The difference between buying and selling prices is at 2 million VND/tael.
Phu Quy Jewelry Group listed the price of SJC gold bars at VND144.5-147.3 million/tael (buy in - sell out). The difference between buying and selling prices is at 2.8 million VND/tael.
As of 9:00 a.m., DOJI Group listed the price of gold rings at 143.7-146.7 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 146.3-149.3 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.
Phu Quy Gold and Stone Group listed the price of gold rings at 143.8-146.8 million VND/tael (buy in - sell out). The difference between buying and selling is 3 million VND/tael.
Domestic gold prices broke out in the context of world gold increasing sharply. Recorded at 10:08 on October 15, the world gold price was listed at 4,179.1 USD/ounce.
World gold prices increased as global investors rushed to precious metals as a safe haven. The increase was driven by expectations that the US Federal Reserve (FED) will soon cut interest rates to support the economy, reducing the opportunity cost of holding gold.
At the same time, escalating US-China trade tensions and concerns about global financial instability have caused demand for shelter to increase sharply. In addition, the weak USD and strong capital flows into gold ETFs continue to consolidate the upward trend.
As real interest rates fall and investment cash flow shifts away from risky assets, gold is becoming a top priority choice for international investors.
Below is the gold price update on the websites of some domestic business units at 10:00:
See more news related to gold prices HERE...
