The price of free SJC gold bars fluctuates unexpectedly in the current market.

(NLDO) - The price of SJC gold bars on the free market is lower at some stores than at banks and large gold companies.

On the morning of July 5, the price of free SJC gold bars was listed by companies such as SJC, PNJ, DOJI at a stable level of 118.9 million VND/tael for buying and 120.9 million VND/tael for selling. This is the highest price in over a month, showing the heat in the gold market. Investors are closely monitoring this price fluctuation in the current economic context.

The price of SJC gold bars freely bought is nearly 120 million VND/tael

On the free market, some stores quoted SJC gold bars at a lower price, selling at 120.4 million VND/tael, while buying at 119.4 million VND/tael. The difference between buying and selling prices is about 1 million VND/tael.

In contrast to gold bars, the price of 99.99% gold rings and jewelry increased by VND100,000, to VND114.3 million/tael for buying and VND116.8 million/tael for selling.

At the end of the trading week, the gold price today on the international market stopped at 3,337 USD/ounce (equivalent to 106 million VND/tael - converted according to the exchange rate from Vietcombank ). The world gold price increased again compared to the previous session when the USD weakened, falling below the 97 point mark.

Domestic gold prices continue to maintain a gap with world prices

According to analysis, gold prices cannot break out in the short term when positive US economic data and the US Federal Reserve's (FED) trend of maintaining high interest rates change investors' expectations.

Other investment channels such as stocks are also more attractive, causing cash flow to shift from gold to stocks.

Currently, the world gold price is about 15 million VND/tael lower than SJC gold bars, a very high difference in recent times.

Many people expect that the new solutions from the management agency will help narrow the gap between domestic and international gold prices. However, up to now, the gold supply in the market has not improved.

Source: https://nld.com.vn/dien-bien-bat-ngo-cua-gia-vang-mieng-sjc-tu-do-sang-5-7-196250705092332081.htm