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Gold prices rose again, increasing by as much as 9 million dong per tael, lifting the SJC gold price to 145.4 million dong per tael on the selling side. At the same time, the bid-ask spread narrowed to 3 million dong per tael, according to gold traders.
This morning (12/6), domestic gold markets were repeatedly adjusted higher by 7–9 million dong per tael on the selling side.
At 11:00 a.m., the price of gold bars at Saigon Jewelry Co. (SJC), Doji, and Phú Quý was quoted at 142.4 million dong per tael on the bid and 145.4 million dong per tael on the ask. Compared with the morning opening, the bid rose by 9 million dong per tael and the ask rose by 7 million dong per tael.
Following the same trend, Phú Quý quoted gold jewelry prices at 142.4–145.4 million dong per tael (buy-sell), up 9 million on the bid and 7 million on the ask from the morning opening.
Bao Tin Minh Chau (BBM) quoted loose round gold bars at 137.8–142.8 million dong per tael (buy-sell), up 6.7 million dong per tael from the morning opening.
Gold traders noted that the bid-ask spread narrowed from 5 million to 3 million dong per tael.
On the world market, gold hovered around 4,200 USD per ounce. Converted using Vietcombank’s USD exchange rate, the world price is equivalent to about 133.6 million dong per tael.
As a result, the gap between the domestic SJC price and the world gold price widened to about 11.8 million dong per tael.
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