Gold price continuously breaks records, 999.9 gold ring sells for 74.53 million VND/tael

World and domestic gold prices both plummeted, 999.9 gold rings fell below 72 million VND/tael. Gold prices increased vertically, 999.9 gold rings were sold for 73.54 million VND/tael, buyers made millions in profit overnight.

Domestic gold price

At noon on April 7, the world gold price showed no signs of stopping increasing. However, in contrast to the world gold price, the SJC gold price decreased slightly. Currently, the SJC gold price at Saigon Jewelry Company in Ho Chi Minh City is trading around 79.50 - 81.90 million VND/tael, down 100 thousand VND/tael for buying and down 100 thousand VND/tael for selling compared to the closing price yesterday. The difference between buying and selling is 2.4 million VND/tael.

Giá vàng liên tiếp phá kỷ lục, vàng nhẫn 999.9 bán ra 74,53 triệu đồng/lượng

The price at Saigon Jewelry Company in Hanoi is around 79.50 - 81.92 million VND/tael, down 100 thousand VND/tael for buying and down 100 thousand VND/tael for selling compared to yesterday's closing price. The difference between buying and selling narrowed to 2.4 million VND/tael.

The price of SJC gold bars at Bao Tin Minh Chau Company is trading around 79.60 - 81.65 million VND/tael, down 150 thousand VND/tael for buying and down 300 thousand VND/tael for selling compared to the previous closing price.

At Phu Quy Group, the price of SJC gold bars is currently trading around 79.60 - 81.70 million VND/tael for buying and selling, down 100,000 VND/tael for buying and down 300,000 VND/tael for selling compared to yesterday.

The price of SJC gold bars at Bao Tin Manh Hai Company is trading around 79.50 - 81.85 million VND/tael, down 250 thousand VND/tael for buying and down 100 thousand VND/tael for selling compared to the previous closing price.

Contrary to the price of SJC gold, the price of 999.9 gold rings today continued to increase vertically. Specifically, the price of 999.9 gold rings (24k), the price of Thang Long gold dragon gold bars, and plain round rings at Bao Tin Minh Chau Company traded at 72.93 - 74.33 million VND/tael for buying - selling, an increase of 900 thousand VND/tael for buying and 800 thousand VND/tael for selling compared to yesterday.

Thang Long 999.9 (24k) gold jewelry is trading around 72.30 - 73.90 million VND/tael, an increase of 700 thousand VND/tael for buying and 700 thousand VND/tael for selling compared to yesterday.

Gold price traded at Bao Tin Manh Hai

Similarly, Thang Long Gold Dragon blister rings and Kim Gia Bao blister rings are being traded at Bao Tin Manh Hai Company at around 72.93 - 74.53 million VND/tael for buying and selling, an increase of 800 thousand VND/tael for buying and an increase of 800 thousand VND/tael for selling compared to yesterday's closing price.

The price of 999.9 gold is around 72.40 - 74.10 million VND/tael, an increase of 700 thousand VND/tael for buying and 900 thousand VND/tael for selling compared to yesterday's closing price. The price of 99.9 gold is currently around 72.30 - 74.00 million VND/tael, an increase of 700 thousand VND/tael for buying and 900 thousand VND/tael for selling compared to yesterday's closing price.

Gold price traded at Phu Quy Group

At Phu Quy Group, Phu Quy 999.9 round rings and Phu Quy 999.9 God of Wealth rings are trading around 72.80 - 74.20 VND/tael, an increase of 800 thousand VND/tael for buying and 800 VND/tael for selling compared to yesterday.

24K 999.9 gold is trading around 72.25 - 73.75 million VND/tael, up 850 thousand VND/tael for buying and up 850 thousand VND/tael for selling compared to yesterday.

World gold price

According to data from Kitco, as of the morning of April 7, 2024 (Vietnam time), the world gold price is at 2,329.1 USD/ounce. Converted according to Vietcombank exchange rate (excluding taxes and fees), this price is equivalent to 70.5 million VND/tael, the difference between domestic and world gold prices is about 11 million VND/tael.

World gold price chart (Source: Kitco)

The world gold market ended the week with strong price increases. The precious metal increased by nearly 5% compared to last Friday. After increasing to 2,220 USD/ounce before the holiday, the world gold price continued to set a new record of 2,329 USD/ounce in the last trading session of the week.

The results of the latest Kitco News weekly gold survey show that the majority of both Wall Street professionals and retail investors believe that gold will break out even stronger next week amid greater concerns about geopolitical instability.

Ole Hansen, head of commodity strategy at Saxo Bank, said gold attracted safe-haven flows as geopolitical tensions in the Middle East heated up over Israel's war with Hamas in Gaza.

Experts say that the world gold price has increased too "hotly" in the past week. When large funds take profits strongly, the gold price may fall sharply early next week. Although the world gold price is still attractive, experts advise investors to be cautious when buying gold at too high a price, which will create risks for capital flows. Along with that, the US announced a series of positive economic information, which will also put pressure on the gold price.

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