SJC gold bar price continuously decreased following the downward trend of world gold price

(NLDO) – The price of SJC gold bars fell below the 121 million VND/tael mark following the downward trend of world gold prices.

Why does the price of SJC gold bars decrease continuously?

On the morning of July 16, the price of SJC gold bars was listed by SJC, DOJI , and PNJ companies at 118.6 million VND/tael for buying and 120.6 million VND/tael for selling, down half a million VND compared to yesterday. Within 2 days, each tael of SJC gold bar lost nearly 1 million VND, breaking the continuous increase of the previous days.

Similarly, the price of 99.99% gold rings and jewelry gold also dropped to 114.2 million VND/tael for buying and 116.8 million VND/tael for selling, down 400,000 VND compared to yesterday.

Within 2 days, the price of gold rings lost about 800,000 VND/tael.

SJC gold bar price decreased for 2 consecutive days

World gold sold off

Domestic gold prices have fallen for two consecutive days as world prices have plummeted. On the international market, gold prices are currently trading at $3,328/ounce this morning, down nearly $20/ounce from the previous session.

In the past 2 days, each ounce of gold lost about 40 USD/ounce (equivalent to a decrease of about 1.3 million VND/tael).

Gold prices are lacking upward momentum amid a strong recovery of the US dollar and US bond yields rising to nearly 4.5%. The US dollar index in the international market continued to climb to 98.58 points, up about 1.8% in recent sessions.

Currently, the world gold price converted according to the listed exchange rate is about 105.6 million VND/tael.

Source: https://nld.com.vn/gia-vang-mieng-sjc-vang-nhan-giam-lien-tiep-196250716092808938.htm