For over a week now, the price of plain gold rings has increased sharply and continuously set new peaks following the developments of world gold prices. Meanwhile, the price of gold bars has been adjusted more slowly.

Notably, the selling price of gold rings has increased close to the price of SJC gold bars. The buying price of gold rings at some brands is currently 1-1.25 million VND/tael higher.

At the weekend trading session (September 28), Doji Gold and Gemstone Group listed the price of 9999 plain round gold rings at VND82.75-83.45 million/tael (buy - sell). This is the highest price ever for plain round gold rings in the country.

SJC gold bar price at Doji is bought and sold around 81.5-83.5 million VND/tael.

Thus, the selling price of gold rings at Doji is only 50 thousand VND/tael lower than the selling price of SJC gold bars. The buying price of gold rings at Doji is 1.25 million VND/tael higher than SJC gold bars.

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The purchase price of gold rings of some brands is currently higher than SJC gold bars. Photo: Chi Hieu

At Phu Nhuan Jewelry Company (PNJ), at the end of the week, the price of PNJ plain gold rings was traded at 82.5-83.3 million VND/tael (buy - sell), while gold bars were bought - sold at 81.5-83.5 million VND/tael.

It can be seen that at PNJ, the selling price of PNJ plain gold rings is only 200 thousand VND/tael lower than the selling price of SJC gold bars, while the buying price of PNJ gold rings is 1 million VND/tael higher than SJC gold bars.

At Saigon Jewelry Company (SJC), at the end of the week, the price of gold rings from 1-5 was only listed at 81.5-83 million VND/tael (buy - sell), while gold bars were bought - sold at 81.5-83.5 million VND/tael.

The buying price of SJC gold rings is equal to that of SJC gold bars, and the selling price of SJC gold rings is only 500 thousand VND/tael lower than the selling price of SJC gold bars.

At Bao Tin Minh Chau Company, the price of Thang Long Dragon Gold Round Gold Ring and the price of Thang Long Dragon Gold Bar are the same, both listed at 82.54-83.44 million VND/tael (buy in - sell out). Compared to the price of SJC gold bars, the price of Thang Long Dragon Gold Round Gold Ring is 1.04 million VND/tael higher for buying, while the selling price is only 60 thousand VND/tael lower.

The increase in the price of plain gold rings is superior to that of SJC gold bars after the State Bank intervened in the gold market.

Since June 3, when the State Bank sold gold through four state-owned commercial banks and SJC Company, the price of SJC gold bars has remained stable for many sessions while the world gold price has increased sharply. The price of gold rings has been continuously adjusted in line with the world gold price.

Therefore, the difference between SJC gold rings and gold bars has been shortened. From a difference of more than 10 million VND/tael at the beginning of the year, the price of smooth round gold rings at some brands is 1-1.25 million VND/tael higher than the price of SJC gold bars (buying price).

The rate of increase in gold ring prices in recent days has been quite fast following the developments of the world market. There have been many sessions where gold ring prices have increased by more than half a million VND per tael.

Over the past week, Doji's gold ring price has increased by VND3.35 million/tael for buying and VND2.9 million/tael more expensive for selling. SJC's gold ring price has increased by VND2.6 million/tael for buying and VND2.8 million/tael more expensive for selling.

Compared to the price of 61.9-62.95 million VND/tael in the first trading session of the year (January 3), the price of SJC gold rings has increased by 19.6 million VND/tael in buying and 20.05 million VND/tael in selling.

The price of gold rings increased by more than 1 million VND overnight, 19 million VND more expensive than the beginning of the year . The price of gold rings today (September 25) increased sharply following the world market. Some brands are more expensive by more than 1 million VND per tael overnight, officially reaching 83 million VND/tael (sold). SJC gold rings are about 19 million VND/tael more expensive than the beginning of the year.