Retail News CRM

Tag: price

  • Gold price inches down

    Gold price inches down

    Saigon Jewelry Company gold ring price fell 0.19% to VND77.3 million (US$3,070.81) per tael Wednesday morning.

    Gold bar price was steady at VND79 million per tael. A tael equals 37.5 grams or 1.2 ounces.

    Globally, gold prices edged lower on Wednesday as the U.S. dollar and Treasury yields strengthened, while traders awaited further cues to gauge the size of the Federal Reserve’s likely September interest rate cut.

    Spot gold slipped 0.2% to $2,385.60 per ounce. U.S. gold futures fell 0.3% to $2,425.30.

    “A rebound in U.S. Treasury yields and a firmer dollar translate to some downward pressures on gold prices this morning, as pockets of resilience in U.S. economic data seem to prompt a reassessment of market recession concerns,” said IG market strategist Yeap Jun Rong.

    Downside in gold may be limited by ongoing Middle East tensions and lingering global recession concerns, as markets await further economic data for clarity on U.S. conditions, Yeap added.

    The dollar index rose, making the greenback-priced bullion less affordable for overseas buyers.

  • Gasoline prices fall

    Gasoline prices fall

    Gasoline and diesel prices dropped Thursday afternoon.

    The popular fuel RON95 gasoline fell 1.55% from a week ago to VND23,550 ($0.95) per liter.

    Biofuel E5 RON92 declined by 1.05% to VND22,510.

    Diesel dropped 1.44% to VND20,470.

    In the last seven days fuel prices swinged due to concerns that China would struggle to regain growth momentum, a rise in gold and cryptocurrency investment, and a reduction in OPEC production.

    Globally gasoline prices dropped by 1.8-2.1% per barrel while oils dropped 1.1-1.9%.

    Lees ook:

    Lees ook:

    Lees ook:

  • Pepper prices rising in Vietnam

    Pepper prices rising in Vietnam

    Pepper prices rose in the central highlands and southern Vietnam 3.6% to VND86,000 ($3.50) per kilogram on Monday as sinking supply fuels higher demand, according to the Vietnam Pepper Association.

    Climbing prices were recorded in the central highlands provinces of Dak Lak and Dak Nong, as well as the southern provinces of Ba Ria – Vung Tau and Binh Phuoc, near Ho Chi Minh City.

    The association has reported that Vietnam’s pepper production is set to fall 10-15% to 160,000-165,000 tons this year.

    Prices are therefore expected to rise even further to around VND100,000.

    Indonesian black pepper prices are now around $3,906 per ton, while Malaysia’s Kuching ASTA price is at $4,900.

    Global demand is set to fall this year due to geopolitical tensions, experts have predicted.

    The Vietnam Pepper Association targets a pepper and spice exports of around $2 billion next year, equivalent to about 400,000-500,000 tons.

    Last year the country exported 267,000 tons of spices worth $912 million, up 16.6% in volume, but down 6% in value.

    Lees ook:

    Lees ook:

  • Gold prices gain

    Gold prices gain

    Saigon Jewelry Company gold bar price went up 0.26% to VND76.65 million ($3,113.95) per tael Wednesday morning.

    Gold ring price was stable at VND64.05 million per tael. A tael equals 37.5 grams or 1.2 ounces.

    Globally gold prices inched lower on Wednesday, as hawkish comments from Federal Reserve officials and strong U.S. data doused hopes for early interest rate cuts, while investors awaited a slew of economic reports this week for more clarity on rate trajectory.

    Spot gold fell 0.2% to $2,024.46 per ounce. U.S. gold futures were unchanged at $2,025.50.

    “Recent economic data out of the U.S. has called for some recalibration in dovish market rate expectations, with some pushback on the timeline for Fed rate cut weighing on gold’s appeal,” said IG market strategist Yeap Jun Rong.

    Lees ook:

  • Gold prices return to near historic peak

    Gold prices return to near historic peak

    SJC gold prices Monday continued its upward trend and is now close to its historic peak secured last week.

    Gold bar rose 0.54% to VND74.4 million ($3,069.62) per tael Monday morning, inches away from the historic peak of VND74.6 million achieved on the morning of Nov. 29 before closing the day at VND73.8 million.

    Gold ring price rose 0.24% to VND62.8 million per tael. A tael equals 37.5 grams or 1.2 ounces.

    Vietnam’s gold price is now around VND13 million more expensive that global rates, according to Vietcombank data.

    Globally gold prices bolted to an all-time high above $2,100 per ounce on Monday as Federal Reserve Chair Jerome Powell’s remarks elevated traders’ confidence that the U.S. central bank could cut interest rates early next year, Reuters reported.

    Spot gold was up 0.7% at $2,085.76 per ounce. Earlier in the session, bullion surged to an all-time high of $2,111.39.

    Powell on Friday said “the risks of under- and over-tightening are becoming more balanced,” but the Fed is not thinking about lowering rates right now.

    Traders are now pricing in a 70% chance for a rate cut by the U.S. central bank by next March, CME’s FedWatch Tool showed.

    Backing market sentiment, data last week pointed out cooling inflationary pressures and a gradually easing labour market, with Fed Governor Christopher Waller flagging a possible rate cut if inflation continues to decline.

    The latest survey by the World Gold Council (WGC) shows that 24% of global central banks plan to increase gold reserves in the next 12 months as they are increasingly skeptical about the role of the U.S. dollar as a reserve asset.

    Lees ook:

    Lees ook:

    Lees ook:

  • Gasoline price falls third time in a row

    Gasoline price falls third time in a row

    On Thursday, prices of the popular gasoline RON95 dropped for the third time this month while diesel slid to a four-month low.

    RON95 fell 0.13% to VND22,990 ($0.95) per liter, while biofuel E5 RON92 rose 0.46% to VND21,790.

    This was RON95’s third straight decline this month.

    Diesel declined for the fourth time in a row by 0.44% to VND20,190, lowest since Jul. 21.

    Global oil price was little changed on Thursday as investors remained cautious ahead of expected production cuts by the OPEC+ group, and as weaker-than-expected Chinese factory data underscored slowing growth in the world’s second largest economy.

    Since last Thursday RON92 has risen 0.72% to $91.75 per barrel while RON95 dropped 0.16% to $97.11. Diesel fell 0.5% to $101.94.

  • Coffee prices on the boil in Vietnam

    Coffee prices on the boil in Vietnam

    Robusta coffee prices have risen to a record VND68,000 ($2.79) per kilogram, up 76% since the beginning of this year.

    Prices have also been rising globally. On Monday rose by $10-39 per ton to $2,551-2,566 in London.

    The prices of Arabica, another coffee variety, rose in New York by 0.45-0.95 cents per pound to $158-162. A kilogram equals 2.2 pounds.

    Vu Duc Con, deputy director of the Dak Lak Department of Agriculture and Rural Development, said one of the reasons for the rising prices is that the harvest season has yet to arrive while stocks from the previous season have mostly been sold.

    He added that prices would be more reasonable in the next two months when the coffee crop ripens.

    Hung, owner of a coffee factory in the Central Highlands province of Dak Lak, said farmers sold out their coffee stocks around a month ago.

    He is not buying now since the high prices would hit his profit margin.

    The Vietnam Coffee Cocoa Association has forecast coffee yields to drop by 10-15% in the 2022-2023 season to 1.47 million tons due to high heat.

    In Dak Lak, authorities expect outputs to decline since farmers have been switching to growing other crops such as durian and avocado.

    In the first eight months Vietnam’s average coffee export price reached a new peak of $3,054 per ton, up nearly 30% year-on-year.

    The coffee was shipped to 38 markets, with the E.U. and U.S. being the largest buyers.

    Lees ook:

  • Gold prices down

    Gold prices down

    SJC gold price fell 0.15% to VND68.8 million ($2,855.19) per tael Tuesday morning.

    Gold ring price was stable at VND57.25 million per tael. A tael equals 37.5 grams or 1.2 ounces.

    Globally gold prices settled into a holding pattern on Tuesday as investors awaited U.S. inflation figures that could provide an updated view on interest rates after the Federal Reserve kept the door open for further policy tightening.

    Spot gold was flat at $1,922.30 per ounce, while U.S. gold futures eased 0.1% to $1,946.10.

    Market activity is likely to be broadly subdued until the U.S. Consumer Price Index (CPI) data is out on Wednesday, which could guide U.S. interest rates after a widely expected pause by the Fed next week.

    “A CPI number coming in in-line or even slightly higher would likely place some short-term pressure on gold,” said Nicholas Frappell, global head of institutional markets at ABC Refinery.

    Lees ook:

  • Prices of Vietnam’s exported rice highest in the world

    Prices of Vietnam’s exported rice highest in the world

    Prices of Vietnam’s exported rice are still the highest in the world, with that of 5% broken rice reaching 638 USD per tonne, and 25% broken rice $623 per tonne, according to the Vietnam Food Associaion.

    Meanwhile, Thailand’s 5% broken rice is sold at $628 per tonne, and that of Pakistan at 598 USD a tonne.

    In the Mekong Delta – the largest rice granary of Vietnam, the price of paddy rice remains at an unprecedented high level in many localities, helping farmers achieve good profits.

    In July, the United Nations Food and Agriculture Organisation (FAO)’s rice price index rose to its highest level in nearly 12 years. The move was due to a spike in prices in key rice exporting countries after India imposed export restrictions.

    Recently, the Vietnamese Ministry of Industry and Trade announced the list of 210 businesses that are eligible to export rice.

    According to the ministry, in the first seven months of this year, Vietnam exported 4.83 million tonnes of rice. The country plans to export about 2.67 million tonnes in the remaining five months of the year.

    Lees ook:

  • Gold price jumps up

    Gold price jumps up

    SJC gold price rose 0.15% to VND67.75 million ($2,844.25) per tael Wednesday morning, highest since Jan. 28.

    Gold ring price was stable at VND56.85 million per tael. A tael equals 37.5 grams or 1.2 ounces.

    Spot gold was up 0.2% at $1,900.30 per ounce, while U.S. gold futures rose 0.2% to $1,929.40.

    The dollar index was sitting below two-month highs, while a rally that took U.S. Treasury yields to nearly 16-year highs took a pause, giving some respite to gold that does not yield any interest.

  • iPhone 14 Pro Max price down 24%

    iPhone 14 Pro Max price down 24%

    After 10 months of being sold in Vietnam, iPhone 14 Pro Max has seen its selling price fall by 24% to VND25.7 million (US$1,089).

    In early August, some Apple authorized resellers (AARs) in Vietnam lowered the price of iPhone 14 Pro Max to less than VND26 million, the lowest since its launch in October 2022.

    Di Dong Viet is selling iPhone 14 Pro Max for VND25.7 million, Hoang Ha Mobile for VND25.9 million, CellphoneS and FPT Shop for VND26.4 million, and The Gioi Di Dong (Mobile World) for VND26.7 million.

    The current price of iPhone 14 Pro Max at AARs is some VND5 million lower than the smartphone sold at Apple Store Online Vietnam.

    Phung Phuong, a manager of Di Dong Viet, said the price decline stemmed from both Apple’s assistance given to AARs and their own efforts.

    Besides iPhone 14 Pro Max, other models of Apple have seen selling prices drop by VND300,000-500,000 per unit. The prices of iPhone 14, iPhone 14 Plus, and iPhone 14 Pro currently are at least VND18.5 million, VND21 million and VND23.6 million, respectively.

    The manager of a big AAR said the prices of iPhone 14 models have decreased the most drastically.

    After 10 months of being sold in Vietnam, the price of iPhone 13 Pro Max declined by 15.7% to VND26.9 million from VND31.9 million.

    The third quarter is always a quiet period for the market as users wait for a new model of iPhone, usually launched in September and sold in October in Vietnam.

    However, this year the price competition has become more intense, forcing AARs to offer big discounts to attract users.

    “This may be the bottom price of iPhone 14 Pro Max, and the price race is showing signs of ending,” a manager of Hoang Ha Mobile said.

    In addition to smartphones, AARs have lowered selling prices of other Apple products by VND0.5-1 million per unit to lure customers before the new school year starts in September.

    This year, AARs in Vietnam not only compete with each other but also with Apple when its online store is offering students many incentives and promotions.

    Lees ook:

  • Gold prices down

    Gold prices down

    SJC gold price fell 0.07% to VND67.35 million ($2,838.18) per tael Tuesday morning.

    Gold ring price was stable at VND57 million per tael.

    Globally gold prices rose on Friday after a slightly weaker-than-expected U.S. jobs report pushed the dollar and Treasury yields lower, offering some respite to bullion which was still on track for its worst week in six.

    Spot gold was up 0.4% at $1,940.86 per ounce by 2:52 p.m. Bullion, however, was down 0.9% so far this week.

    U.S. gold futures settled 0.4% higher at $1,976.10.

    “The jobs report has allowed the market to propose that the Federal Reserve is not as likely to raise interest rates. As a result, we’ve seen bond yields drop along with the dollar and that is certainly supporting the price of gold,” said David Meger, director of metals trading at High Ridge Futures

    Following the data, the dollar fell 0.5% against its rivals, making gold less expensive for other currency holders. Benchmark U.S. 10-year yields retreated from a nine-month high.

    Lees ook:

    Lees ook:

    Lees ook:

  • Gold prices up again

    Gold prices up again

    SJC gold price increased 0.07% to VND67.35 million ($2,843.57) per tael Monday morning.

    Gold ring price downed 0.08% to VND57.05 million per tael. A tael equals 37.5 grams or 1.2 ounces.

    Gold prices were off three-week lows on Monday after slowing U.S. job growth knocked the dollar and bond yields from their recent highs, while investors braced for this week’s inflation test that could influence the Federal Reserve’s policy path.

    Spot gold was steady at $1,940.99 per ounce by 0325 GMT, having slid to its lowest since July 11 on Friday before settling 0.4% higher. U.S. gold futures were flat at $1,976.10.

    “While a softer U.S. dollar and lower bond yields in its (jobs data) aftermath have provided some relief for gold… it may have to take a more significant weakening in the U.S. dollar to bring traction for the yellow metal,” said Yeap Jun Rong, a market strategist at IG.

     

    Lees ook:

    Lees ook:

    Lees ook:

  • Gold prices decline

    Gold prices decline

    SJC gold price fell 0.22% to VND67.1 million ($2,833.91) per tael Wednesday morning.

    Gold ring price gained 0.09% to VND57.05 million per tael. A tael equals 37.5 grams or 1.2 ounces.

    Globally gold struggled for momentum on Wednesday as traders refrained from making big bets ahead of the U.S. Federal Reserve’s policy decision due later in the day.

    Spot gold inched 0.1% lower to $1,963.59 per ounce, while U.S. gold futures edged 0.1% higher to $1,965.30.

    “Broader markets are looking for an extended rate pause through the rest of the year, while Fed officials could push back by leaving the door open for one more hike in September or November,” said Yeap Jun Rong, a market strategist at IG.

    While most traders see rates holding in the 5.25%-5.5% range in 2023, 35% see a chance for another 25 basis-point hike in November, according to CME’s Fedwatch tool.

    Lees ook:

    Lees ook:

  • Gold prices fall

    Gold prices fall

    SJC gold price fell 0.15% to VND67.1 million ($2,852.04) per tael Wednesday morning.

    Gold ring price dropped 0.18% to VND56.45 million per tael. A tael equals 37.5 grams or 1.2 ounces.

    Globally gold traded in a narrow range on Wednesday as traders refrained from making big bets ahead of Federal Reserve Chairman Jerome Powell’s congressional testimony, which could offer further insight into the central bank’s interest-rate hike plan,.

    Spot gold was almost unchanged at $1,936.99 per ounce. U.S. gold futures too were little changed at $1,948.20.

    Powell’s congressional testimonies due on Wednesday and Thursday will be scanned for U.S. interest rate outlook.

    Two Federal Reserve policymakers and an economist nominated to join them on the Fed’s Washington-based board on Tuesday said their focus is on bringing down too-high inflation so that the U.S. economy can get back to sustainable growth.

    Lees ook:

    Lees ook: