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Gold prices increased sharply

This morning (June 11), domestic gold prices increased sharply. Accordingly, SJC gold price rose above 118 million VND/tael, the highest price of gold rings was over 117 million VND/tael.

Báo Yên BáiBáo Yên Bái11/06/2025

Saigon Jewelry Company listed the price of SJC gold bars at 116.5 - 118.5 million VND/tael for buying and selling, an increase of 800,000 VND/tael in both directions compared to yesterday morning.

Other gold trading businesses also simultaneously increased the price of SJC gold bars to 118.5 million VND/tael for sale.

Meanwhile, the highest listed buying price of SJC gold by Mi Hong Gold System is up to 117.3 million VND/tael.

The price of gold rings also continued to increase along with gold bars. Specifically, Bao Tin Minh Chau Company Limited listed the price of gold rings at 114.2 - 117.2 million VND/tael for buying and selling, an increase of 900,000 VND/tael compared to yesterday morning.

Phu Quy Gold and Gemstone Group listed the price of gold rings at 112.2 - 115.2 million VND/tael, an increase of 900,000 VND/tael...

At the same time, the world gold price was listed at 3,329 USD/ounce, up 18 USD/ounce compared to yesterday morning.

In the currency market, this morning, the State Bank announced the central exchange rate at 24,985 VND/USD, down 7 VND compared to yesterday morning.

The highest bank USD selling price is up to 25,810 - 26,234 VND/USD for buying and selling.

Free USD price is around 26,280 - 26,380 VND/USD.

In a recent report by Fiin Ratings Joint Stock Company, it is said that the USD exchange rate remains high due to the strong increase in domestic USD demand from businesses and the State Treasury, making the supply even more limited. Meanwhile, the State Bank flexibly adjusts the central exchange rate to allow the market more room for self-regulation.

The exchange rate in May recorded a slight downward trend but remained at a high level. The State Bank has flexibly adjusted to raise the central exchange rate. In the coming time, the USD is forecast to continue to weaken, which will reduce the pressure on the exchange rate, thanks to which the State Bank can continue to widen the ceiling band to allow the market to self-regulate, instead of having to directly intervene with foreign exchange reserves.

(According to TPO)

Source: https://baoyenbai.com.vn/12/351545/Gia-vang-tang-rat-manh.aspx


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