Keep track down "shock" caused SJC 37 million dong / tael

► Gold prices fell rapidly making businesses cautious gold high, wide stretch arbitrage buy-sell gold ...

                                JC gold price movements in DOJI - Source: DOJI.



Despite the international gold price moving "green" today (27/6) in the Asian market, domestic prices continued to plunge. 37 million dong / tael further broken after falling off the landmark SJC 38 million / tael yesterday.

At 9:30, the Group reported DOJI Jewelry SJC Hanoi market at 36.16 million / tael (purchase) and 36.96 million / tael (sold out), down 1 respectively, 09 million / tael and 540,000 dong / tael compared to late yesterday afternoon.

At the same time the market in Ho Chi Minh City, the company Saigon Jewelry (SJC) SJC gold price listed at 36.6 million dong / tael and 37 million dong / tael, equivalent to the purchase price and the selling price . If compared to yesterday afternoon, SJC gold price in this business is less than 550,000 dong / tael for buying and VND 500,000 / tael for sale.

Gold prices fell rapidly making businesses cautious gold high, stretching wide-spread on gold sales. Currently on the market, buy SJC gold price lower than the price of a ranging from 400,000 VND / volume to 800,000 dong / tael.

The caution when increasing the State Bank offered 40,000 gold this morning. The bid is equivalent to 1.5 tons of gold, more than half compared with a bid in recent sessions.

As gold price chart, from the beginning of May 2/2011 to date, which is nearly 2 and a half years back, when the SJC is not available today. If from the beginning of this year, gold prices have dropped almost 10 million / tael.

During the gold price fell in mid-April, many people have bought gold for about $ 39.5 million / tael. If you cut the hole in the moment, the damage will amount to nearly 3 million per tael.

Since the beginning of this coming week, SJC gold was down 2.4 million / tael. Particularly early in the morning through to the present, gold prices fell nearly 1.6 million / tael. However, compared to the world price of gold exchange, gold price is still higher than 5 million / tael.

The business of gold in Hanoi, said gold prices down "shock" pushed gold trading volumes in recent days increased significantly. People will buy a major, but largely only buy small.

Free USD in Hanoi this morning 21290-21300 at the popular (purchased) and the 21320-21330 (sold out), down slightly from yesterday morning.

Commercial banks continue to hold prices stable dollar. USD quotes at Vietcombank is the same at 21 025 and 21 036 VND, buy and sell, respectively, equal to yesterday's. Eximbank also keep this exchange at the level of 21 015 and 21 036 dong.

Low purchasing power in the international price of gold has taken strong recovery in Asia this morning. At 9:30 am Vietnam time, spot gold prices up 17.6 USD / oz (1.4%) compared with the New York session, to $ 1,243.8 / oz, equivalent to nearly 32 million / tael.

Last night, the price of gold in New York closed down $ 52.4 / oz, equivalent to 4.1%, and $ 1,226.2 / oz. This is close to the lowest price of gold in the international 3 years.

International gold price pressure fell sharply after the U.S. Federal Reserve (Fed) announced last week could potentially cut policy of quantitative easing (QE) in the period from now until the end of the year. In addition, gold prices also fell as investors move funds into the stock market and concerns about the decline in physical gold demand in China and India.

Rate Euro / USD in Tokyo this morning at the popular 1.3 USD / Euro, from less than $ 1.31 / Euro in yesterday morning. Light sweet crude oil futures in New York at 9:45 am Vietnam time is $ 95.63 / barrel, up $ 0.13 / barrel compared with closed last night.