Friday, June 14, 2013

SJC gold price purchase lowest in 3 weeks




 
Responding to the increasing trend of the international gold price, gold prices rose slightly this morning at SJC selling side, while the purchase price shall be reduced to the lowest level in three weeks. U.S. free market price goes down while the USD bank stability.


At 10am this afternoon, Jewellery Group DOJI listed SJC Hanoi market at 40.5 million dong / tael (purchase) and 40.7 million / tael (sold out). Compared with the end of yesterday afternoon, the SJC in DOJI down 100,000 dong / tael and bought up 20,000 dong / tael for sale.


The price difference in buying and selling businesses SJC widening to 200,000 dong / tael, the difference from just 80,000 dong / tael late yesterday afternoon. Even in the early hours of this morning, the gap between buying and selling prices at DOJI SJC gold was up to 300,000 dong / tael.


At City Market, the company Saigon Jewelry (SJC) this morning also adjust the price of gold by increasing the purchase price, reduced selling price. At nearly 10 hours, the newspaper business purchase price of SJC gold at 40.45 million dong / tael, down 30,000 dong / tael compared to late yesterday afternoon, the selling price at 40.73 million / tael, an increase of 50,000 / tael compared to late yesterday afternoon.


The distance between the buy and sell prices of SJC SJC thus expands into 280,000 dong / tael, instead of 200,000 dong / tael late yesterday afternoon.


As gold price chart, purchased SJC is at its lowest level since 24/5 back.


Extending arbitrage buying and selling gold can be the reaction of the jewelry companies when bidding for State Bank gold this morning. Indeed, in recent times, about how often push up prices when bidding for gold.


This morning, the State Bank of auctions held 30th gold, 1 ton of gold bid.


Free USD in Hanoi this morning 21210-21220 at the popular (purchased) and the 21250-21260 (sold out), the purchase price was reduced 30, 20 at lower prices than yesterday morning.


Vietcombank this morning to buy the listed prices at over USD 10 am yesterday, to $ 21 030 contract, but the price remains the same at 21,036. Eximbank maintain USD quotes at 20,990 dong (purchase) and 21,036 dong (sell), with the price of yesterday morning.


Gold prices rose in the world last night in the U.S. and in Asia this morning. At the closing date of 12/6 in New York, gold for immediate delivery rose 10.2 USD / oz, equivalent to more than 0.7%, to close at $ 1,389.4 / oz. Hour at 10 noon today Vietnam, spot gold prices in Asia increased 4.7 USD / oz, up $ 1,394.1 / oz.


This price is converted at the USD equivalent freely 35.7 million / tael, lower retail SJC 5 million / tael.


Rally last night of world gold prices reversed the downward trend for two consecutive weeks before the first session. However, gold remains under downward pressure as investors great concern the central bank of the world, especially the U.S. Federal Reserve (Fed) policy will narrow pump money into the economy in the context of the growth recovery has become more pronounced.


The concern has been reinforced over after Bank of Japan (BoJ) meeting last Wednesday kept policy statement instead announce new easing steps.


French bank Societe Generale leading (SocGen) yesterday lowered its forecast for the average price of gold Q4 this year to $ 1,200 / oz, less than 175 USD / oz compared with the previous forecast. The reason given for the time SocGen forecasts are lower as investors continued outflows of capital from the trust fund (ETF) SPDR Gold Trust gold to invest in dollar bonds and to seek higher profits .


In India, gold market, the world's largest physical gold demand is falling in quiet after government recently announced increased gold import duty to add third.


Rate Euro / USD in Tokyo this morning near popular at $ 1.34 / Euro, from more than $ 1.33 / Euro yesterday morning. Light sweet crude oil futures in New York more than 10 hours while Vietnam is now $ 95.55 / barrel, down $ 0.33 / barrel compared to previous closing.

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