SJC gold bar and gold ring prices are at the peak, going against the world trend

(NLDO) - Despite the sharp decline in world prices, the prices of SJC gold bars and gold rings continue to remain at their peak.

On the morning of March 15, the price of SJC gold bars was listed by SJC, DOJI, and PNJ companies at 94.3 million VND/tael for buying and 95.8 million VND/tael for selling, stable compared to the end of yesterday.

Some companies like Mi Hong sell for around 96 million VND/tael, about 200,000 VND/tael higher than other units.

Also for 24K gold bars, Bao Tin Minh Chau Company listed the price of Rong Thang Long gold at 94.95 million VND/tael for buying and 96.5 million VND/tael for selling, 700,000 VND/tael higher than SJC gold bars. This is also a record price for gold bars up to this point.

The price of 99.99 plain gold rings purchased by SJC Company was 94.2 million VND/tael, sold at 95.8 million VND/tael, stable compared to the end of yesterday. The price of gold rings has a difference between businesses,

PNJ Company sells up to 96.2 million VND; Bao Tin Minh Chau sells up to 96.5 million VND/tael, much higher than the price of gold bars.

SJC gold bar and gold ring prices remain at historical peaks

Domestic gold prices remained high despite the world price "turning around" and plummeting, closing the week at $2,985/ounce, down about $20/ounce from last night's peak of $3,004/ounce. Gold prices fell under pressure from investors to take profits after consecutively reaching all-time highs.

A notable development is that domestic gold prices are going against the world trend. In the past two days, when world prices reached their peak, the prices of SJC gold bars and gold rings increased faster, continuously breaking all records. However, at the end of the week, when world prices cooled down, domestic gold prices remained at their peak.

This development has widened the gap between domestic and international gold prices. Currently, the world gold price converted according to the listed exchange rate is about 92.5 million VND/tael, 3.5-4 million VND/tael lower than SJC gold bars and gold rings.

Source: https://nld.com.vn/gia-vang-mieng-sjc-vang-nhan-neo-vung-dinh-nguoc-dong-the-gioi-196250315092035692.htm