World gold prices turned down, but domestic gold prices on the morning of August 14 remained at a high level.

At around 9:30 a.m. on August 14, SJC Company, PNJ, and Doji Group still listed SJC gold at 78 million VND/tael for buying and 80 million VND/tael for selling, the price unchanged from yesterday.

The selling price of SJC gold at 4 State-owned commercial banks (BIDV, Agribank , Vietinbank and Vietcombank) this morning also remained at 80 million VND/tael.

9999 gold rings also remained unchanged this morning. SJC listed them at 76.6 million VND/tael for buying and 77.9 million VND/tael for selling. Hung Thinh Vuong 9999 gold ring trading group listed them at 76.65 million VND/tael for buying and 77.9 million VND/tael for selling.

On the world gold market, the closing price of gold in New York on the night of August 13 decreased to 2,464.2 USD/ounce, down 8.7 USD compared to the previous session. The spot gold price on the Kitco floor on the morning of August 14 (Vietnam time) continued to decrease to 2,463.28 USD/ounce. This price after conversion is equivalent to 75.3 million VND/tael, 4.7 million VND/tael lower than SJC gold and about 2.6 million VND/tael lower than 9999 ring gold.

World gold prices turned down due to quick profit-taking by investors, despite the decline in the USD exchange rate and US Treasury bond yields. Investors are cautious about the possibility of major fluctuations in gold prices when the US releases an important inflation report on Wednesday (local time).

Nhung Nguyen