SJC gold bar price exceeds 87 million VND/tael

Within one hour after opening on the morning of May 7, Saigon Jewelry Company (SJC) adjusted the gold bar buying and selling price list four times.

At 9:40 a.m., the price of each tael of SJC gold increased by 700,000 VND compared to yesterday, to 85 - 87.2 million VND, the highest level ever.

The price of SJC gold bars traded at other gold shops is also on an upward trend but fluctuates more slowly. At Phu Nhuan Jewelry Company (PNJ), the price of gold bars at the same time increased to 84.8 - 86.95 million VND/tael. Meanwhile, at DOJI Jewelry Group, the price per tael increased with a lower amplitude, hovering around 86 million VND.

This morning, the price of plain gold rings also increased by tens of thousands of VND to 200,000 VND per tael compared to yesterday, depending on the brand. SJC raised the price of plain rings to 73.5 - 75.2 million. DOJI's Hung Thinh Vuong plain rings increased to 74.05 - 75.55 million. Meanwhile, the price of this item at Bao Tin Minh Chau hovered around 74.1 - 75.6 million VND.

The gap between domestic and international gold bar prices has widened, as businesses have recently tended to adjust more quickly. This situation occurred in the context that after 4 bidding sessions, the State Bank had to cancel 3 sessions, 1 session was successfully organized but only sold 3,400 taels of SJC gold bars to 2 units.

On the international market, the price of each ounce of gold for immediate delivery at 9:30 a.m. Hanoi time was around 2,322 USD. Converted according to Vietcombank's selling rate (excluding taxes and fees), the international gold price is equivalent to 71.26 million VND per tael, 15.7 million VND lower than domestic gold bars.

TB (according to VnExpress)

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