Gold buying and selling price difference increases: High risk for investors

According to market records, on the morning of April 14, the price of SJC gold bars in Hanoi and Ho Chi Minh City was bought and sold at around 104.5 - 107 million VND/tael (buy - sell), about 1 million VND/tael higher than last weekend. The difference between buying and selling is at 2.5 million VND. The same price is also listed at Bao Tin Minh Chau Company.

At Phu Quy Company, the listed gold price for buying is slightly lower, at 103 million VND/tael, while the selling price remains at 107 million VND/tael, similar to other businesses. Thus, the difference between buying and selling at this business is at 3 million VND.

Do not invest in gold during the time of difference between buying and selling prices.

For gold ring products, the products are listed with different prices and differences at different businesses.

Specifically, the price of Thang Long Dragon gold rings at Bao Tin Minh Chau Company stood at 102.1 - 105.6 million VND/tael (buy - sell), 500,000 VND higher than the previous session. The difference in buying - selling prices was 3.5 million VND.

The price of Doji Hung Thinh Vuong 9999 gold rings of Doji Group is fluctuating at 101.8 - 104.8 million VND/tael (buy - sell). Thus, this price is a sharp increase of 600,000 VND in the buying direction. Currently, the buying - selling difference is currently at 3 million VND.

The price of 999.9 round smooth gold rings at Phu Quy Company is around 101.6 - 105.1 million VND/tael, a sharp increase of 200,000 VND/tael for both buying and selling compared to the previous session. The difference between buying and selling is 3.5 million VND.

Domestic gold prices are high due to the influence of world gold prices. As of 8:30 this morning, the world spot gold price was at 3,221.45 USD/oz. Gold futures were last traded at 3,245.41 USD/oz, up 0.81 USD from the beginning of the session.

Many analysts believe that the instability in the international financial market due to fluctuations in the tariff policies of the US and other countries, especially the tense and escalating US-China trade war; the weakening of the USD... is and will push the price of gold to a record level.

According to economic experts, when the gold market fluctuates, grasping the psychology of people rushing to buy, gold shops will increase the buying and selling price range, pushing the risk to consumers. If "putting money" at such times, investors face risks and can easily lose money in the short term.

"Before buying, people should regularly monitor the world and domestic gold markets; observe the difference in world and domestic gold prices. If it is too high, they will take on a lot of risks," expert Nguyen Tri Hieu recommended.

Source: https://thoibaonganhang.vn/chenh-lech-gia-vang-mua-ban-tang-rui-ro-cao-cho-nha-dau-tu-162724.html