This afternoon, October 16, while the price of SJC gold bars was still listed by Saigon Jewelry Company (SJC) at 84 million VND/tael for buying and 86 million VND/tael for selling. Some businesses such as Mi Hong increased the buying price to 85 million VND/tael and selling at 86 million VND/tael.
Meanwhile, the price of 999.9 gold rings and 24K gold jewelry increased hourly, reaching a new high. SJC Company is currently trading gold rings at 82.6 million VND/tael for purchase and 83.9 million VND/tael for sale, 200,000 VND higher than yesterday and up nearly 1 million VND per tael compared to yesterday. This is a very strong increase in the price of gold rings in recent days. Gold rings also reached a historical peak, reaching an unprecedented level.
PNJ Gold Company sells 999.9 gold rings produced by this company for up to 84 million VND/tael, while Bao Tin Minh Chau Company pushes up the selling price of 999.9 gold rings of this company to 83.13 million VND/tael for buying and 84.08 million VND/tael for selling.
The price of gold rings has reached a new historical peak, surprising many people. Many people said they had sold gold rings at prices of 70 million VND, even 80 million VND/tael.
Domestic gold prices have not stopped rising sharply due to the influence of world gold prices. In the international market, the precious metal continued to set a new high of 2,676 USD/ounce this afternoon, an increase of more than ten USD/ounce compared to the previous session. Currently, the world gold price is less than ten USD/ounce away from the historical peak of 2,685 USD/ounce.
The price of SJC gold bars and 999.9 gold rings have both skyrocketed in the past few days.
Speaking to a reporter from Nguoi Lao Dong Newspaper this afternoon, economic expert, Dr. Dinh The Hien, said that before 2012, the gold market was still operating normally. However, since Decree 24/2012/ND-CP on gold market management was issued to address the impact of gold on monetary policy and the macro economy, the State Bank has begun to have strict management policies.
Especially in the past 5 years, the gap between domestic and international gold prices has been increasing, unreasonably. No one knows where this gap flows to and smuggling has also increased accordingly.
Up to now, people's transactions have become more difficult. Many people said it was very difficult to register to buy SJC gold bars through the online channels of 4 commercial banks and SJC company.
“It is necessary to evaluate the gold market in a fair and objective manner. Because in 2022, when the financial and monetary market fluctuates strongly, the cause is not gold but the real estate market. If we say that there is speculation in the gold market, it will be too small compared to the real estate market,” said Dr. Dinh The Hien.
Many experts also commented that if the gold market management and regulation policy is still struggling to tighten gold, it will make people value gold more, further increasing the demand for this commodity.
Therefore, gold management is necessary but there must be reasonable management solutions to create convenient buying and selling for people as before.
Source: https://nld.com.vn/gia-vang-nhan-9999-tang-tung-gio-chinh-thuc-vuot-moc-84-trieu-dong-luong-196241016153533052.htm
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