Gold prices today February 1, 2024 on the world market continue to increase due to increasing instability in the Middle East. Meanwhile, the world USD price went down. International gasoline prices decreased while domestic gasoline prices were forecast to increase sharply
Closing the trading session on January 31, SJC's 9999 gold bar price in Ho Chi Minh City was listed at 75.4 million VND per tael on the buying side and 77.9 million VND per tael on the selling side. Meanwhile, SJC's 4-9 gold bar price listed in Hanoi on the buying side is 75.4 million VND per tael and selling price is 77.92 million VND per tael. The price of SJC gold bars traded at DOJI in Hanoi at the end of the January 31 session was listed at 75.25 million VND per tael on the buying side and 77.85 million VND/tael on the selling side. The international spot price of gold on the Kitco exchange at 9:20 p.m. on January 31, Vietnam time was at 2,043.3 USD per ounce. The price of gold delivered in April 2024 on the Comex New York floor is at 2,060.4 USD per ounce. Gold prices today 1/2 on the world market continue to increase due to increasing instability in the Middle East. Domestic gold prices continue to increase even though the USD/VND exchange rate cools down. On the stock market, closing the trading session on January 31, the VN-Index decreased 15.34 points, down to 1,164.31 points. HNX-Index decreased 1.49 points, down to 229.18 points. UPCoM-Index decreased 0.16 points, down to 87.69 points
The central exchange rate between Vietnam Dong and US Dollar was announced by the State Bank on January 31 at 23,991 VND/USD, down 32 VND compared to the previous session. USD price at commercial banks on January 31 decreased sharply, listed at the end of the session around 24,225-24,595 VND/USD (buy - sell). In the same trend, the world USD price also decreased. The DXY index - measuring the strength of the USD compared to 6 major currencies - at 9:16 p.m. on January 31, Vietnam time, was at 103.29 points, down 0.1% compared to the previous session. Gasoline prices today on February 1 on the world market continued to go down following the decline in the previous session. Oil prices fell as weak economic activity in China, the world's largest crude oil consumer, weighed on investor sentiment. In the domestic market, retail prices of petroleum products this afternoon will be applied according to the new price.
According to leaders of some petroleum enterprises, domestic gasoline prices at today's operating period are likely to increase following the trend of world gasoline prices. If the executive agency does not spend the Gasoline Price Stabilization Fund, the domestic gasoline price could increase from 920 to 1,080 VND per liter. Accordingly, the price of RON 95 gasoline may exceed 24,000 VND per liter. Diesel prices may increase from 680 to 770 VND per liter. In case the Ministry of Industry, Trade and Finance spends the Stabilization Fund, gasoline prices may increase less
