On July 11, domestic gold returned to the 121 million VND/tael mark.

(GLO)- Continuing the upward trend, on July 11, domestic gold prices increased simultaneously, gold bars regained the 121 million VND/tael mark, and gold rings also increased significantly depending on the business.

Specifically, in this morning's trading session, Bao Tin Minh Chau, PNJ, SJC, DOJI all listed gold bar prices at 119-121 million VND/tael, an increase of 200,000 VND for buying and selling compared to the afternoon of July 10, the difference between the two directions is 2 million VND.

Gold price on July 11 increased again. Photo: PV

Mi Hong enterprise alone this morning still listed gold bars at 120.8 million VND, the same as yesterday afternoon. Phu Quy listed the buying price 700,000 VND lower than other enterprises, at 118.3 million VND/tael.

For gold rings, businesses also made certain adjustments. Phu Quy listed the two-way buying and selling price at 114.7-117.7 million VND/tael; Mi Hong listed 115.2-116.7 million VND/tael; Bao Tin Minh Chau priced at 115.7-118.7 million VND/tael; PNJ listed 114.3-117.2 million VND/tael; SJC listed 114.2-116.7 million VND/tael; DOJI priced at 115.2-117.2 million VND/tael, an increase of 200,000 VND compared to yesterday.

According to an update from Kitco at 6:30 a.m. on July 11 (Vietnam time), the spot gold price on the world market reached 3,321.24 USD/ounce, up 25.33 USD/ounce compared to the previous trading session. With the USD exchange rate at Vietcombank being 26,290 VND/USD, the converted world gold price is currently equivalent to about 108.7 million VND/tael (excluding taxes and fees).

Graphics: PV

Spot gold rose 0.77% during the session, while US gold futures also edged up 0.4% to $2,335.1 an ounce. The gains were supported by increased demand for safe-haven assets as the US launched new tax policies that could spark a global trade war.

Source: https://baogialai.com.vn/ngay-11-7-vang-trong-nuoc-tro-lai-moc-121-trieu-dongluong-post560200.html