SJC gold bar and gold ring prices highest in the past month

(NLDO) - Each tael of SJC gold bars and 99.99 gold rings is up to 86 million VND, the highest in the past month.

On the morning of January 10, SJC Company listed the buying price of SJC gold bars at VND84.5 million/tael and the selling price at VND86 million/tael, remaining high compared to yesterday. The price of gold bars is at its highest level in about a month. If calculated from the lowest point of the month, each tael of SJC gold bar has increased by about VND2.5 million.

This is also the selling price of gold bars at PNJ Company, Mi Hong and some commercial banks such as Sacombank, Eximbank, Vietcombank, Agribank, BIDV... DOJI Group sells SJC gold bars at a lower price, 85 million VND/tael. Meanwhile, ACB sells up to 86.5 million VND/tael, half a million VND higher than other units.

In terms of buying, the price of gold bars varies between businesses and banks. Specifically, ACB buys at VND85 million/tael, Eximbank and Sacombank buy at VND84.5 million/tael; Mi Hong buys up to VND85.3 million/tael. Some other units list lower buying prices, around VND83.5 to VND84.5 million/tael.

Domestic gold price hits 1-month high

Similarly, the price of 99.99 gold rings and jewelry gold also remained at a high level. SJC Company traded plain gold rings at VND84.5 million/tael for purchase and VND85.8 million/tael for sale, stable compared to yesterday.

Some businesses such as PNJ and Mi Hong sell gold rings for around VND86 million/tael; Bao Tin Minh Chau sells for around VND86.2 million/tael while DOJ sells lower, at VND85 million/tael.

Gold prices today in the domestic market are stable despite the continued increase in world gold prices.

In the international market, the precious metal was traded at 2,671 USD/ounce, up about 10 USD/ounce compared to the previous session.

This is the second consecutive increase in world gold prices, in the context of investors choosing gold as a safe haven.

A surprising development in the international financial market in recent days is that both the price of gold and the USD index have skyrocketed – instead of moving in opposite directions as before. The USD index surpassed the 109 point mark, the highest in more than 2 years.

Gold expert Tran Duy Phuong also commented that the fluctuation in the same direction between gold and the USD is a surprising factor and shows the unpredictability of the market. Because normally, a stronger USD will put pressure on the price of gold.

SJC gold bar price hits 86 million VND/tael. Source: SJC Company

According to analysts, gold prices are benefiting from uncertainty as the market awaits policies after Donald Trump officially enters the White House on January 20. Many investors seek gold as a safe haven and a tool to hedge against inflation.

World gold price converted at listed exchange rate is about 82.3 million VND/tael.

Source: https://nld.com.vn/gia-vang-mieng-sjc-vang-nhan-cao-nhat-1-thang-qua-196250110090947391.htm