The exchange rate at commercial banks decreased significantly, while the price of gold remained unchanged
This morning, 5/8, the exchange rate at joint stock commercial banks decreased sharply from 10-97 dong, while the central exchange rate only decreased by 1 dong. The exchange rate at businesses remained unchanged compared to the end of the weekend.
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Exchange rates at commercial banks decreased significantly, while the price of gold remained unchanged. (Photo: Vietnam+) |
The domestic gold price did not change this morning (5/8), while the exchange rate at commercial banks experienced a steep decline.
At 9 am, Doji Company and Saigon Precious Metals and Gems Company, and Phu Quy Gold Company announced buying prices at 78.30 million dong/tael and selling prices at 79.80 million dong/tael, unchanged from the previous session’s closing.
Similarly, the price of gold rings also did not adjust this morning. Specifically, Phu Quy Company listed the price of 999.0 gold rings at 76.25-77.55 million dong/tael. Meanwhile, at Bao Tin Minh Chau Company, the listed price for plain gold rings was at 76.32-77.52 million dong/tael (buying/selling). SJC 999.9 gold rings also remained unchanged, currently trading around 76.15-77.55 million dong/tael.
Internationally, the price of gold fluctuated around the 2,440 USD/ounce mark, down 5 USD/ounce compared to the same time in the previous session. This price, when converted, is approximately equivalent to 74.8 million dong/tael.
This morning, the State Bank listed the central exchange rate for 5/8 as 24,241 dong/USD, down 1 dong compared to 2/8.
With these changes, VietinBank’s buying rate is 24,953 dong/USD and selling rate is 25,297 dong/USD, a decrease of 97 dong. Eximbank (HM:) announced a new price range of 24,910-25,300 dong/USD, down 90 dong from the previous closing.
Similarly, Vietcombank (HM:) listed USD exchange rates from 24,980-25,350 dong/USD, down 30 dong. BIDV (HM:) also decreased by 10 dong, with the new price range from 25,050-25,390 dong/USD.
Hanh Dung
