Specifically, at 11:30, Doji Gold and Gemstone Group listed the price of 9999 round gold rings at 85.65 - 86.65 million VND/tael (buy - sell). The selling price is 1 million VND/tael higher than the buying price. The price of 86.65 million VND/tael is also the highest price ever for domestic gold rings.
At the same time, Saigon Jewelry Company Limited (SJC) also listed the price of gold rings at 84.7 - 86 million VND/tael (buy - sell). The difference between the buying and selling prices is 1.3 million VND/tael.
Gold ring price sets new record of over 86 million VND/tael. (Illustration: Momi)
Bao Tin Minh Chau listed gold rings at 85.63 - 86.63 million VND/tael (buy - sell), the difference between buying and selling prices is 1 million VND/tael. Phu Nhuan Jewelry Joint Stock Company (PNJ) is also listing gold rings at 85.4 - 86.39 million VND/tael (buy - sell).
Thus, the domestic gold ring price has exceeded 86 million VND/tael at most major gold brands.
Previously, the price of gold bars had increased sharply, by 2 million VND/tael, to 88 million VND/tael, the highest level in the past 4 months. Specifically, at 9:15 am, the price of gold bars was listed by SJC and Doji at 86 - 88 million VND/tael, an increase of 2 million VND/tael compared to early this morning. At that time, the price of gold rings had not changed, the highest listed price was 85.7 million VND/tael (selling price).
Domestic gold prices increased sharply today amid the impact of the world gold price currently listed on Kitco at 2,721 USD/ounce, the highest price in history.
Previously, the world gold price had a memorable week when it continuously broke records to set new peaks. Last week, the gold price conquered the threshold of 2,700 USD/ounce for the first time.
In addition, the market also expects the US Federal Reserve (Fed) to cut interest rates next month, along with uncertainties surrounding the US presidential election and conflicts in the Middle East.
Many investors have rushed to buy gold amid escalating conflicts, especially after Hezbollah's declaration of war with Israel, according to precious metals trader Alexander Zumpfe of Heraeus Metals Germany.
Demand for gold will continue to increase in the coming time as tensions in the Middle East continue and BRICS (Brazil, Russia, India, China and South Africa) meets, said Marc Chandler, CEO of Bannockburn Global Forex.
Darin Newsom of Barchart.com also emphasized that gold will increase as investors flock to this precious metal to hedge against potential uncertainties ahead of the US presidential election.
The World Gold Council (WGC) believes that gold prices will continue to be supported in the coming time as geopolitical tensions escalate and the global economic situation worsens.
Source: https://vtcnews.vn/den-luot-gia-vang-nhan-tang-boc-dau-lap-ky-luc-moi-hon-86-trieu-dong-luong-ar902962.html
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