– Gold prices plummeted from a historic peak of 81 million VND/tael
After skyrocketing, setting a new peak of 81 million VND/tael, the domestic gold price reversed, falling 500,000-600,000 VND/tael, down to the old peak of 80.3 million VND/tael.
At 3:00 p.m. on March 2, Saigon Jewelry One Member LLC listed the price of SJC gold bars at 77.8 million VND/tael (buying) – 80.3 million VND/tael (selling). ), reduced by 600,000 VND/tael each afternoon compared to the morning of the same day.
Doji Jewelry Group reduced 600,000 VND/tael (buying side) and 500,000 VND/tael (selling side) compared to the morning of the same day, to 77.85 million VND/tael (buying) – 80.45 million VND /quantity (sold).
Bao Tin Minh Chau Co., Ltd. lists the price of gold bars with the same brand as 78 million VND/tael (buy) – 80.25 million VND/tael (sell), compared to 78.5 million VND/tael (buy). in) – 80.85 million VND/tael (sold) in the morning of the same day.
Due to strong price fluctuations, the buying-selling margin was pushed up by businesses to 2.25-2.7 million VND/tael instead of 1.8-2 million VND/tael like in recent days to avoid risks.
Thus, compared to the end of the previous day, the price of gold in some places decreased by 100,000 VND/tael, some places remained the same, in some places it increased by 50,000 VND/tael; In the afternoon, sales increase by 500,000-750,000 VND/tael. The domestic gold price is about 17.8 million VND/tael higher than the world price. Gold prices have fallen sharply from their peak, possibly due to profit-taking selling pressure.
Meanwhile, at the same time, the price of gold rings increased by 750,000-900,000 VND/tael (buying side) and 600,000-1,000,000 VND/tael (selling side) compared to the end of the previous day, trading at 65.3 -66.78 million VND/tael (buy) and 66.5-67.98 million VND/tael (sell). The level of 67.98 million VND/tael is the new peak of gold ring price.
Previously, on the morning of March 2, the domestic gold price skyrocketed by 1.1 million VND/tael, reaching a new peak of 81 million VND/tael, far surpassing the old peak of 80.3 million VND/tael set on December 26. -2023.
According to experts, domestic gold prices increased sharply on the morning of March 2 due to influence from the international market. The world gold price increased nearly 40 USD/ounce in the weekend trading session, to 2,083.3 USD/ounce. One of the reasons why gold prices increase is the depreciation of the USD.
In addition, domestic gold prices increased because demand increased when deposit interest rates were low and other investment channels were not really bright, while gold supply was limited. Besides, the market has not seen any intervention from regulators.
– Rehearsal of system conversion to KRX for the first time
Ho Chi Minh City Stock Exchange (HoSE) announced to securities companies the first system conversion rehearsal plan of the KRX Information Technology project.
Specifically, from March 4 to March 8, HoSE converted the system. The securities company prepares the system for scheduled conversion, performing system testing and Cutover Test on March 7.
From March 11 to March 15, the securities company tested the entry of trading orders, ensuring stock trading activities like a normal trading day.
HoSE notes that the first day on the new system is March 4, 2023. Data for the first trading day is data as of the end of March 1, 2024.
At the gong-banging ceremony to open the Giap Thin spring stock exchange on February 19, Ms. Nguyen Thi Viet Ha, Acting Chairwoman of HoSE, said that the information technology project with the Korean contractor has made some significant progress. , has completed the final user testing (FAT) phase and is considering deploying the KRX system in the near future.
The KRX system is invested by HoSE, deployed in 2012. In addition to HoSE as the investor, the system’s beneficiaries also include the Hanoi Stock Exchange (HNX) and the Corporation. Vietnam Securities Depository and Clearing (VSD).
– The State Bank explains the reason for slower credit growth compared to the same period
