Gold bar price exceeds 111 million VND/tael

Domestic gold prices skyrocketed on the morning of April 16, with SJC gold bars currently reaching VND111 million/tael. Photo: Duy Hieu.

At 10:30 a.m., the selling price of gold bars recorded at SJC Company reached 111 million VND/tael, an increase of 1.2 million VND compared to early morning and 3 million VND higher than yesterday's closing price.

On the buying side, SJC's price for gold bars is currently at 108.5 million VND/tael, an increase of 1.7 million VND compared to early this morning and also 3 million VND higher than at the end of April 15.

Similarly, large domestic gold enterprises such as PNJ, Bao Tin Minh Chau, Bao Tin Manh Hai, DOJI Group, Phu Quy Group... also simultaneously raised the trading price of SJC gold bars to 111 million VND/tael, the highest ever.

An even larger increase was recorded in the price of gold rings. SJC Company currently lists the price of 99.99% gold rings, type 1-5, at only 108 - 110.5 million VND/tael, an increase of 2.7 million VND compared to the beginning of the morning session. Compared to the end of yesterday, the price of gold rings at SJC has increased by 4.5 million VND/tael.

PNJ Company is also listing the price of gold rings at 108 - 110.5 million VND/tael, an increase of 3.8 million VND compared to this morning and 4.5 million VND compared to yesterday.

The price of gold rings at DOJI and Phu Quy Groups is currently also being sold at 110.5 million/tael, while the buying price fluctuates around 108 million VND.

Bao Tin Minh Chau and Bao Tin Manh Hai have both raised the price of gold rings to 108.3 million VND/tael (buy) and 111 million VND/tael (sell).

Previously, on the morning of April 16, Saigon Jewelry Company (SJC) anchored the price of gold bars at 106.8 - 109.8 million VND/tael, an increase of 1.3 million VND for buying and 1.8 million VND for selling compared to the closing price of the previous session.

Similarly, Phu Nhuan Jewelry Joint Stock Company (PNJ), Bao Tin Minh Chau, Bao Tin Manh Hai, DOJI Group, and Phu Quy Group also adjusted the price of gold bars to be equal to SJC.

Thus, the price of SJC gold bars traded at these large enterprises has increased by more than VND10 million per tael in the past 7 days, equivalent to a net increase of more than 10%.

Notably, Mi Hong Company is the unit that adjusted the price of gold bars the most strongly in this morning's trading session.

Each tael of SJC gold bar at Mi Hong increased by 1 million VND for buying and 2 million VND for selling to climb straight to the highest level in the market and at the same time set a new historical high at 107.5 - 110.5 million VND/tael.

Gold bars are the product that has seen the strongest and most consistent increases over the past 6 months.

Compared to the beginning of the year, the price of SJC gold bars has increased by more than VND26 million per tael, equivalent to a net increase of more than 31%. This outstanding growth has surpassed a series of other profitable assets such as stocks, real estate, bonds or bank deposits.

Not only gold bars, 9999 gold rings also recorded a sharp increase of nearly 3 million VND/tael in the morning trading session on April 16.

SJC's 1-5 chi 99.99 gold ring and PNJ's plain ring are currently both anchored at 105.8 - 108.8 million VND/tael, corresponding to a sharp increase of 2.8 million VND compared to the closing price of the previous session.

Phu Quy anchored the price of plain rings at 105.3 - 108.8 million VND/tael, an increase of 1.9 million VND in buying and 2.1 million VND in selling compared to the closing price on April 15.

Mi Hong also increased the price of 999 gold rings by 1.2 million VND for buying to 104.5 million VND/tael and increased by 2.2 million VND for selling to 107.5 million VND/tael.

Bao Tin Minh Chau and Bao Tin Manh Hai both increased the price of gold rings by more than 2.4 million VND/tael this morning, bringing the transaction price of this item to a new peak of 106.5 - 109.5 million VND/tael.

In the world, spot gold prices are also on a strong upward trend, with an increase of 42 USD (+1.3%) compared to the closing price of the previous session, to climb to 3,274 USD/ounce.

Precious metals continue to be an attractive investment channel with a series of consecutive price increases over the past months and are at an all-time high. Global trade tensions are still the catalyst that has caused gold prices to continuously increase to record highs in recent days.

According to znews.vn

Source: https://baolaocai.vn/gia-vang-mieng-vuot-111-trieu-dongluong-post400287.html