Domestic gold price decreased by 1.3 million VND/tael after the holiday, the gap with the world widened

Brands sold gold bars for around 147.4 million VND, down 1.3 million VND compared to before the holiday.

On the morning of September 3, Saigon Jewelry Company (SJC) listed gold bar prices at 144.4 - 147.4 million VND per tael. Other brands also made similar adjustments. The difference between the two directions of buying and selling remains around 3 million VND.

With plain round rings, SJC also reduced 1.3 million VND compared to before the holiday, to 143.9 - 146.9 million per tael. PNJ buys and sells this item for around 144 - 147.3 million VND.

Each amount of plain gold ring traded by DOJI is at 145 - 149 million VND, while at Bao Tin Minh Chau it is 145.3 - 149.3 million VND.

Domestic gold went down after international prices dropped nearly 40 USD in the past 3 days. This morning, each ounce of world gold for immediate delivery increased by more than 28 USD, to 4,416 USD. However, during the September 1 session, the precious metal "lost" 119 USD an ounce.

The world market recovered after the USD and treasury bond yields simultaneously decreased. However, investors wait for US employment data scheduled to be released later this week to find clues about the Federal Reserve's (Fed) policy roadmap.

Converted according to Vietcombank exchange rate, world gold is equivalent to 140 million VND per tael. The domestic selling price is currently more than 7 million VND different from the world price, widening compared to the "warping" level of about 1-3 million VND at the end of August.

Domestic prices of silver bars and silver bars increased by 1.6% compared to before the holiday. Phu Quy, Ancarat buy and sell silver bars at 2.23 - 2.30 million VND per tael, equivalent to 59.6 - 61.4 million VND per kg. While the transaction price at DOJI is 2.27 - 2.37 million VND per tael.