DOJI gold price drops sharply by nearly half a million VND/tael

At the time of survey at 5:30 a.m. on October 17, 2023, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold at 69.60 million VND/tael for buying and 70.60 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 69.55 - 70.05 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 69.60 - 70.23 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 69.60 - 70.43 million VND/tael (buy - sell).

USD price maintains slight increase

The USD exchange rate today continues to maintain a slight increase. The world USD exchange rate cools down.

The central VND/USD exchange rate announced by the State Bank is adjusted to 24,089 VND/USD, an increase of 12 VND compared to the same time yesterday.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,243 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,243 VND/USD.

The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,290 and a selling price of 24,630, an increase of 15 VND compared to the closing price of yesterday's trading session. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.

Domestic and world gas prices increase together

Opening the trading session on the morning of October 17, today's gas price in the world market increased by 0.1% to 3.12 USD/mmBTU for natural gas contracts delivered in November 2023.

Gas prices in Europe and Asia have surged due to the Hamas-Israel conflict, the threat of strikes at major Australian liquefied natural gas (LNG) export plants and infrastructure vulnerabilities, including a pipeline leak in the Baltic Sea, suspected to be caused by sabotage.

In the domestic market, according to information from a number of gas businesses, from October 1, 2023, retail gas prices will increase by VND 1,667/kg (including VAT), equivalent to an increase of VND 20,000/12kg cylinder.

The reason for this gas price increase is that the average world gas price in October 2023 was 607.5 USD/ton, an increase of 52.5 USD/ton compared to September 2023.

In addition, the high gas price was also due to the explosion at the Bandar Abbas Oil Refinery in southern Iran after a gas leak affected the world fuel supply, so the world oil price increased to nearly 94 USD/barrel.

This is the third consecutive month that gas prices have increased. Thus, since the beginning of the year, domestic gas prices have decreased 5 times (January, March, April, June and July) and increased 5 times (February, May, August, September and October).

Domestic coffee price highest at 63,700 VND/kg

Updated at 4:12 a.m. on October 17, coffee prices are stable and sideways, currently the average coffee price in the Central Highlands provinces is around 63,500 VND/kg.

Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces on October 17 was 63,500 VND/kg; In Dak Nong province, coffee was purchased at 63,700 VND/kg.

The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 63,200 VND/kg.

In Cu M'gar district, Dak Lak province, coffee price is currently at 63,600 VND/kg. In Ea H'leo district, Buon Ho town, it is purchased at the same price of 63,700 VND/kg.