On the morning of August 2, the price of SJC gold bars was listed by companies at 121.5 million VND/tael for buying and 123.5 million VND/tael for selling - a sharp increase of 2.1 million VND compared to yesterday.
This is a very strong increase in the price of gold bars in recent days. The price of gold bars has also reached its highest level in recent months, heading towards the historical peak of 124 million VND/tael - set in April 2025.
Similarly, the price of 99.99% gold rings and jewelry gold also jumped, climbing to 116.5 million VND/tael for buying and 119 million VND/tael for selling - an increase of 1.9 million VND compared to yesterday.
The domestic gold price jumped to the surprise of many investors. Because they expected the price of SJC gold bars and gold rings to go down, narrowing the gap with the world gold price. However, the development was surprising when the world gold price increased dramatically.
SJC gold bar price increased shockingly
On the international market, the price of gold today closed the weekend session at 3,363 USD/ounce, up nearly 80 USD/ounce compared to the previous session. The price of this precious metal on the international market broke its downward streak and turned around to surge strongly.
USD plunges, gold price shines
Gold prices benefited from the plunge in the US dollar on the international market. The US dollar index (DXY) suddenly fell sharply to 98.6 points, down 1.28% from the previous session.
The USD fell when the US Department of Labor's report showed that in July, the US only had 73,000 jobs, much lower than the expectation of 100,000 jobs; the unemployment rate increased to 4.2%... This data raised expectations that the US Federal Reserve (FED) would cut interest rates at its September meeting and the USD unexpectedly helped gold prices shine.
In addition, international stock markets were also shaken after US President Donald Trump announced new tariffs on dozens of countries. Many investors sold stocks and shifted capital into precious metals, including gold.
Currently, the world gold price converted according to the listed exchange rate is about 107 million VND/tael, 16.5 million VND/tael lower than the price of SJC gold bars.
Source: https://nld.com.vn/gia-vang-mieng-sjc-vang-nhan-9999-bat-ngo-tang-soc-196250802095652473.htm
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