Gold bar price hits 90 million VND, gold ring price 'highest in history'

This afternoon, October 30, the price of SJC gold bars reached 90 million VND/tael. The price of gold rings also skyrocketed when the world gold price reached a new height.

Gold prices continuously set new records this year - Photo: NGOC PHUONG

The price of gold rings is almost equal to the price of SJC gold bars.

This afternoon, the world gold price reached 2,790 USD/ounce, also the highest level in history. By 5:00 p.m. today, the world gold price decreased slightly to 2,782 USD/ounce. Converted according to the exchange rate listed at the bank, the world gold price is equivalent to 85.4 million VND/tael. The increase in world gold prices has pushed the selling price of SJC gold bars at SJC Company and 4 banks in the Big4 group up by 1 million VND/tael, to 90 million VND/tael. The buying price at SJC Company is at 88 million VND/tael. The price of gold rings also continues to increase. SJC Company today increased the selling price of 9999 gold rings to 89 million VND/tael, the highest in history. The buying price also increased to 87.5 million VND/tael. The difference between buying and selling prices remained at 1.5 million VND/tael. At Bao Tin Minh Chau Company, the selling price of gold rings skyrocketed to 89.58 million VND/tael, the buying price was at 88.58 million VND/tael. Similarly, DOJI Company also increased the selling price of 9999 gold rings to almost equal the price of gold bars: 89.6 million VND/tael. The buying price is at 88.6 million VND/tael. Thus, after many days of chasing, the price of 9999 gold rings and the price of SJC gold bars have once again narrowed the gap, to only 400,000 - 1 million VND/tael. Compared to the converted world gold price, the price of SJC gold bars is 4.6 million VND/tael higher, while the price of gold rings is 3 - 3.6 million VND/tael higher.

World gold prices have increased 35.2% since the beginning of the year.

World gold price reached 2,790 USD/ounce today, October 30 - Screenshot

This year is a record year for gold prices. The world gold price has increased by 35.2% per year and nearly 40 times, setting an all-time record. The world gold price has also surpassed all forecasts since the beginning of the year and is getting closer to the threshold of 2,800 USD/ounce. The world gold price has increased to a record high due to global economic instability and uncertainty about the upcoming US election. The end of the year is also the festival season in India, which is the time when gold consumption is strongest here. Although gold is often considered a safe haven, the recent sharp increase in the world gold price has made gold buyers hesitant. Especially according to analysis from some experts, the gold price will have a strong adjustment after the US presidential election in early November. In the immediate future, the world gold price may still remain high before the election. Domestically, some gold shops said that the domestic gold market has been bustling in recent days but not as hot as in May. Sellers are hesitant but gold buyers are also hesitant because the gold price is too high so they do not dare to spend money.

Source: https://tuoitre.vn/gia-vang-mieng-can-moc-90-trieu-dong-gia-vang-nhan-cao-nhat-lich-su-20241030172614601.htm