Gold ring prices of some brands today (June 12) increased quite strongly after 2 sessions of little fluctuation.

Late this afternoon, Bao Tin Minh Chau Company raised the price of Thang Long gold rings to 73.68-74.98 million VND/tael (buy - sell). Compared to yesterday's closing price, the price of Thang Long gold rings increased by 350 thousand VND/tael in both buying and selling.

Similarly, the price of 9999 round smooth gold rings at Doji Gold and Gemstone Group today also increased by 350 thousand VND/tael in both directions compared to yesterday's closing price, listed at the end of this afternoon at 73.7-74.95 million VND/tael.

Meanwhile, some other brands maintained the previous day's gold ring price. Some brands even lowered the price of gold rings.

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Gold ring prices fluctuate. Photo: Chi Hieu

Specifically, Saigon Jewelry Company (SJC) today kept the same price of gold rings as the previous session, listing the price of 1-5 chi gold rings in Ho Chi Minh City at 72.8-74.4 million VND/tael (buy - sell).

The price of gold rings at Phu Nhuan Jewelry Joint Stock Company (PNJ) today decreased by 200,000 VND/tael compared to yesterday's closing price, trading at 72.7-74.5 million VND/tael (buy - sell).

The difference between the buying and selling price of gold rings of brands currently fluctuates between 1.2-1.4 million VND per tael.

Domestic gold bar prices remained unchanged for the fifth consecutive session today. Major gold companies such as SJC, Doji, and PNJ all listed SJC gold bar prices at VND74.98-76.98 million/tael (buy - sell).

Similarly, the price of SJC gold bars sold by four state-owned commercial banks, including Agribank, BIDV, Vietcombank and VietinBank, remained unchanged at VND76.98 million/tael. This is the fifth consecutive session that the price of SJC gold bars sold by banks has remained unchanged at VND76.98 million/tael.

In the world market , gold prices tend to go down after increasing in the previous session.

At 4:55 p.m. on June 12 (Vietnam time), the spot gold price was at 2,312.9 USD/ounce, down 6.1 USD/ounce compared to last night.

World gold converted at current exchange rate at Vietcombank is 71 million VND/tael (excluding tax and fees).

Thus, compared to the world gold price, each tael of SJC gold bar is 5.98 million VND/tael more expensive than the world price, while the price of SJC gold rings is 3.4 million VND/tael higher.