At 5:48 a.m. this morning (Hanoi time), the world spot gold price on the Asian market was trading at around 2,322 USD/ounce, down more than 8 USD/ounce compared to trading at the same time this morning. via.
Closing the trading session in the US market early this morning (Hanoi time), the world gold spot price was around the threshold above 2,321 USD/ounce, down more than 7 USD/ounce compared to the previous trading session.
The domestic gold market stood still on April 23, SJC gold price continued to have a sharp drop of up to 1 million VND/tael, after the State Bank bid for 16,800 taels of gold, but only 3,400 taels were sold, accounting for about 20% of auctioned gold.
Specifically, the price of SJC gold bars on the market stood around 81 – 83.3 million VND/tael (buying – selling), moving sideways on the buying side and down 200,000 VND/tael on the selling side compared to the previous closing session. The difference between buying and selling narrowed from 2.5 million VND to 2.3 million VND/tael.
SJC gold price at Doji Group in the Hanoi and Ho Chi Minh City buying and selling markets is around 80 – 82.5 million VND/tael, down sharply by 1 million VND/tael for buying and down 950,000 VND/tael for selling compared to with the previous session closing. The difference between buying and selling is 2.5 million VND/tael.
SJC gold price at Bao Tin Minh Chau Company stood at 81.3 – 83 million VND/tael. This unit increased 150,000 VND/tael on the buying side, but decreased 400,000 VND/tael on the selling side compared to the previous closing session. . The difference between buying and selling decreased from 2.25 million VND to 1.7 million VND/tael.
The price of gold rings in the April 23 session also continued to decrease sharply compared to the previous session. Specifically, the price of Thang Long dragon gold plain round ring at Bao Tin Minh Chau Company stood at 73.58 – 75.28 million VND/tael (buying – selling), dropping sharply by 1.12 million VND/tael in the afternoon. bought and decreased by 1.07 VND/tael of selling compared to the previous session’s close. The difference between buying and selling is 1.7 million VND/tael.
The Doji 9999 gold ring of Doji Group in Hanoi market stood at 74.65 – 76.35 million VND/tael, a sharp decrease of 900,000 VND/tael for buying and a sharp decrease of 1 million VND/tael for selling compared to the closing session. before. The difference between buying and selling is 1.7 million VND/tael.
On April 23, Europe and the US both announced purchasing managers’ indexes for April, both of which were mixed. Even so, gold is still sold when the price is still very high.
Specifically, in Europe, the purchasing managers index (PMI) of the manufacturing sector in April was at 45.6 points, lower than the previous level of 46.1 and the forecast 46.6 points. Meanwhile, the service sector PMI index in this area is still quite positive, reaching 52.9 points, higher than the forecast 51.8 points and the 51.5 points achieved the previous month.
In the US, the April manufacturing PMI index dropped to 49.9 points, much lower than the forecast 52 points and the 51.9 points achieved last month. The country’s service sector PMI index also dropped to 50.9 points, lower than the forecast 52 points and the 51.7 points achieved the previous month.
According to technical analysis, when the PMI index is above 50 it is considered an expansion level. Thus, when the PMIs of the US and Europe are both lower than the expansion level, it shows that the manufacturing sector in these two regions is tending to weaken.
However, new home sales and construction permits issued in the US in April increased quite positively. Specifically, new home sales in April were 693 thousand units, an increase more than the forecast of 668 thousand units and the 637 thousand units achieved in the previous month, increasing from negative 5.1% last month to an increase of 8%. .8% this month.
House sale information is still positive, showing that people’s money in the US is still quite high, so the world’s largest economy still shows positive signs. Although economic information is mixed, investors are still pushing to sell gold as the price of this asset has risen quite high, even though the USD dropped sharply in the international payment basket yesterday.
The domestic market continued to decline sharply along with the world, even when the State Bank auctioned to sell 3,400 taels of gold bars with the highest winning price being 81.33 million VND/tael, the lowest being 81.32 million VND/tael. /quantity.
If calculated according to the price of SJC gold at Doji Group in the Hanoi and Ho Chi Minh City markets, buying and selling around 80 – 82.5 million VND/tael is still higher than the world gold price of about 12.3 million VND/tael. Not including taxes and fees.
Experts say that the price of gold sold according to the bidding level of the State Bank is still quite high, even higher than the current purchase price of businesses of over 1 million VND/tael, it will not have much impact on the price. domestic gold. Mainly, the domestic market still follows world trends.
