Gold prices increased sharply, surpassing 101 million VND/tael for the first time

Domestic gold price is about 5 million VND/tael higher than world gold price.

Opening the morning session of the first week, the price of gold rings traded at Bao Tin Minh Chau was at 99.3 - 101.3 million VND/tael (buy - sell), an increase of 400,000 VND/tael in both buying and selling directions compared to the closing price at the end of last week.

At DOJI Gold and Gemstone Group Joint Stock Company, plain round rings are traded around 99.2 - 101.2 million VND/tael (buy - sell).

At Phu Quy Gold Investment Joint Stock Company, gold rings are traded at 99.2 - 101.2 million VND/tael (buy - sell).

At Saigon Jewelry Company Limited, SJC listed the price of SJC gold bars at 99.2 - 101.2 million VND/tael (buy - sell), an increase of 800,000 VND/tael for buying and an increase of 500,000 VND/tael for selling compared to the closing price at the end of last week.

The price of SJC gold rings and gold bars today is trading at a historical peak, the highest ever. The difference between buying and selling prices of domestic gold is quite high, about 2 million VND/tael, pushing the risk of short-term losses for gold buyers.

Domestic gold prices have increased sharply after world gold prices set a new record. On the morning of March 31 (Vietnam time), world gold prices were trading at 3,098 USD/ounce, the highest in history. Converted according to Vietcombank exchange rate, 1 tael of world gold costs 96.1 million VND. Thus, domestic gold prices are still about 5 million VND/tael higher than world gold prices.

Source: https://baohatinh.vn/gia-vang-dong-loat-tang-manh-lan-dau-tien-vuot-101-trieu-dongluong-post285149.html