After only 2 hours of trading this morning (November 18), the price of SJC gold bars and gold rings both increased from half a million VND - 700,000 VND/tael.
At 10:30, large gold trading enterprises such as Saigon Jewelry Company, Bao Tin Minh Chau, Doji, Phu Quy... listed their selling prices. SJC gold bars up to 84 million VND/tael, an increase of half a million VND/tael compared to early this morning.
4 bank State-owned banks (Vietcombank, BIDV, Agribank, Vietinbank) also simultaneously listed the selling price of SJC at 84 million VND/tael. These banks earned 1 million VND/tael when buying gold from the State Bank, so this morning, the selling price of gold from the State Bank was at 83 million VND/tael.
Gold price The price of rings also increased by about 500 - 700,000 VND/tael depending on the gold brand.
Saigon Jewelry Company listed price gold ring 80.5 - 83 million VND/tael, an increase of 700,000 VND/tael in both buying and selling directions compared to early this morning.
Doji Group listed gold ring price 81.7 - 83 million VND/tael, Bao Tin Minh Chau 81.48 - 83.18 million VND/tael.
At the same time, the price of gold world continued to increase to the mark of 2,590 USD/ounce. Currently, the world gold price is equivalent to about 80 million VND/tael, excluding taxes and fees.
According to experts, the gold price adjustment Gold prices are often cyclical, following a sine wave graph that goes up and down. At the end of the year, around December, gold prices will usually reach their peak because of the demand for wedding gold in both countries. domestic and the world increases.
Economist Nguyen Tri Hieu said that gold prices have fluctuated a lot, however, since the beginning of the year, gold rings have brought profits to businesses. investor more than 30%, so we can think about taking profit. If you choose to invest in gold at this time, you must be very careful because the development of gold is still very unpredictable.
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