On the afternoon of April 22, many people were shocked when they saw the price of gold bars rise to 124 million VND.

On the afternoon of April 22, the price of SJC gold bars continued to set a new peak, surpassing the 124 million VND/tael mark. Specifically, businesses such as SJC, PNJ, DOJI simultaneously raised the price of gold bars to 122 million VND/tael for buying and 124 million VND/tael for selling.

Compared to the morning, each tael of SJC gold bar has increased by 3 million VND. In one day, the price of gold bars increased by a shocking 6 million VND, and in just the past two days, the increase has reached about 10 million VND/tael.

World and domestic gold prices both increased sharply.

Similar developments were also recorded in 99.99% gold rings and jewelry gold, when companies listed the buying price at VND116.5 million/tael and the selling price at VND119.6 million/tael. The difference compared to the morning was about VND1 million, bringing the total increase in the past two days to VND6 million/tael.

On the free market, some stores reported the price of SJC gold bars at 124.4 million VND/tael for buying and 126.9 million VND/tael for selling – about 3 million VND higher than the listed price of gold companies. This is also the highest price ever for domestic gold.

Even the most optimistic about the upward trend could not hide their surprise when the gold price hit 124 million VND/tael this afternoon.

Many people who sold gold at 90 million, 100 million or even 110 million VND/tael were surprised by the market's constant increase.

"I sold SJC gold bars when the price was only 90 million VND/tael. Since then, I have stayed out because I did not think the price would increase so dramatically" - Mr. Nhat Thinh (living in District 4, Ho Chi Minh City) said.

Meanwhile, the world gold price is also on a strong upward trend. At 2:00 p.m. (Vietnam time), the price of precious metal on the international market reached 3,472 USD/ounce, an increase of 20 USD in just one session, bringing the total increase to 70 USD/ounce compared to the previous session. The world gold price has now surpassed the 3,400 USD/ounce mark and is heading towards the 3,500 USD/ounce threshold.

The sharp rise in global gold prices has been driven by demand for safe havens amid the lack of attractiveness of other investment channels. The US dollar has been falling sharply, with the DXY index falling to its lowest level in nearly three years, currently trading around 98.2 points - a loss of about 10% in just the past few months. US government bonds have also recorded a decline, making gold even more attractive to investors.

According to the listed exchange rate, the converted world gold price is equivalent to about 109 million VND/tael, still 10-15 million VND/tael lower than the domestic price of SJC gold bars and gold rings.

Source: https://nld.com.vn/chieu-22-4-nhieu-nguoi-soc-khi-nhin-gia-vang-mieng-len-124-trieu-dong-196250422141421973.htm