What To Do To Shorten The Gold Price Difference In The Country?

Once again the domestic gold price witnessed the opposite price increase, the difference between nearly 9 million compared to the world gold price.0: 00/3: 03 namtheo listed price listed on September 23, gold price Transactions are at 1,765 USD / ounce, down nearly 9 USD / ounce compared to the previous trading session. Domestic gold price was nearly 9 million with world gold price changed with exchange rates at commercial banks, gold prices The world is equivalent to about VND 48.6 million / tael, down about VND 280,000 / tael. But, in the country, gold prices continue to increase sharply

. At Saigon Jewelry Company (SJC) listed on buying - sold at 56.7 - 57.35 million dong / tael, an increase of VND 200,000 / tael in both directions compared to the closing price afternoon
The mixed movements between the two markets have pulled the difference between SJC gold and the world converted to 8.7 million dong / tael. This prize, economist - TS Nguyen Tri Hieu said that the key points of the paradox is because the domestic gold market has no connection with the world gold market. It is specific to the difference in the price between the two markets. If in two domestic and world gold markets, there is a connection point, the difference price is very low due to compensation for shipping costs, but cannot be too high to nearly 9 million. . However, this is not the first time the domestic gold price was pushed up so high, in fact, there was a few times that happened, right at the time of epidemic took place. Currently, only the bank New countries are allowed to mobilize gold so there are still knots, have not created the interconnection between the two markets. Besides there are speculation; Some businesses have pushed up gold prices when they saw the supply of fractures. Other, at this time, some investment channels are no longer attractive as the interest rate decreases, real estate has not recovered, the exchange rate is stable So it is not an attractive investment channel, the stock has increased hot but causes many people to be afraid
So many people still intend to buy gold. Understanding that psychology, the businesses keep gold prices high, pushing risks to buyers, not only the price difference with the high world that the difference between buying and selling is also at a high level and the end of the damage is still guests row. It will also be awarded the market to balance each other. An easy-to-understand thing is, when prices are pushed up, the supply of fault is fault, the gold smuggling activities will occur. Investors will not hesitate to enlist Gold smuggling to sell high prices to benefit. Therefore, this disparity is only short-term, can not last forever, "said Hieu analytically. About the long term, expert said, when the gold market Going into stable operation, the State Bank should not tighten buying and selling activities only through a valve, but so that the other components are involved, creating communication between the two markets. Establishing the gold floor to all information about the gold market is publicly open, transparent. Of course, to establish a gold floor, it is necessary to have a close legal corridor, such as standards and quality regulations yellow; Transaction limit; clearing process; Member conditions; ... "The gold trading department was born not only to minimize the state of economy, but also eliminated Chui gold floors being" growing like mushrooms "like today," Mr. Hieu said.Lam Lam

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